|Chennai, May 16, 2018: |
TVS Motor Company, today reported its financial results for the year 2017-18. With total sales of 34.66 lakh units for the year, the Company’s total revenue excluding Excise Duty / GST grew by 24.7% to Rs.15129.66 crores. During the year, the Company strengthened its presence in the motorcycle and scooter segments with launch of TVS Apache RR 310, TVS NTORQ 125 and TVS Apache RTR 160 4V and refreshed product portfolio.
Q4 PERFORMANCE (January 2018 – March 2018):
The overall two-wheeler and three-wheeler sales of the Company grew by 31.7% from 6.75 lakh units in fourth quarter of 2016-17 to 8.89 lakh units in fourth quarter of 2017-18. Motorcycle sales grew by 61.1% from 2.15 lakh units in the fourth quarter of 2016-17 to 3.46 lakh units in fourth quarter of 2017-18. Scooter sales grew by 25.5% from 2.23 lakh units in the fourth quarter of 2016-17 to 2.80 lakh units in the quarter under review. The Company’s total export increased by 45.3% from 1.11 lakh units in the fourth quarter of 2016-17 to 1.61 lakh units of two wheelers and three wheelers in the quarter under review. Three-wheeler sales grew by 90.7% from 0.15 lakh units in the fourth quarter of 2016-17 to 0.29 lakh units in the quarter under review.
TVS Motor Company reported a growth of 40.4% with total revenue excluding Excise Duty / GST going up from Rs.2844.50 crores in the fourth quarter of 2016-17 to Rs.3992.76 crores in the fourth quarter of 2017-18.
The Company’s Profit Before Tax (PBT) registered a growth of 43.3% increasing from Rs.134.02 crores in the fourth quarter of 2016-17 to Rs.192.05 crores in the fourth quarter of 2017-18. Profit After Tax (PAT) grew by 30.6% from Rs.126.77 crores in the fourth quarter 2016-17 to Rs.165.61 crores in the fourth quarter of 2017-18.
FULL YEAR PERFORMANCE (April 2017 to March 2018):
Total revenue excluding Excise Duty for the year recorded a growth of 24.7% increasing from Rs.12135.31 crores in the year ended March 2017 to Rs.15129.66 crores in the year ended March 2018. Profit Before Tax (PBT) grew by 25.8%, increasing from Rs.698.68 crores in the year ended March 2017 to Rs.878.64 crores in the year ended March 2018. Profit After Tax(PAT) grew by 18.7% increasing from Rs.558.08 crores in the year ended March 2017 to Rs.662.59 crores in the year ended March 2018.
During the year ended March 2018, the overall two-wheeler sales of TVS Motor Company, including exports grew by 17.8% increasing from 28.58 lakh units registered in
the year 2016-17 to 33.67 lakh units in the year 2017-18. Motorcycle sales during the fiscal year grew by 25.8% increasing from 10.77 lakh units in the year ended March
2017 to 13.55 lakh units in the year ended March 2018. Scooter sales grew by 30.4% increasing from 8.70 lakh units in the year ended March 2017 to 11.35 lakh units in the
year ended March 2018. Three-wheeler sales increased by 42.5% from 0.69 lakh units in the year ended March 2017 to 0.99 lakh units in the year ended March 2018. The total
export of the Company recorded a growth of 35.1% increasing from 4.25 lakh units in the year ended March 2017 to 5.74 lakh units in the year ended March 2018.
The board of directors of the Company has declared two interim dividends at their meeting held on November 01, 2017 and February 26, 2018 respectively for
the year 2017-18. The total dividend paid for the year ended March 2018 aggregated to Rs. 3.30 per share (330%) on 47,50,87,114 equity shares of Re.1/- each.
The board does not recommend any further dividend for the year under consideration.
TVS Motor Company was ranked number 1 in J.D. Power 2018 India Two-Wheeler Customer Service Index (2WCSI), Two-Wheeler Initial Quality Study (2WIQS) and Two-Wheeler
Automotive Product Execution & Layout (2WAPEAL) Study. In the 2WAPEAL Study, TVS Motor Company’s
products was ranked No. 1 in each of the product category - TVS Jupiter
in scooter segment, TVS Apache RTR 180 in motorcycle premium segment, and TVS Star City+ in motorcycle economy segment.
The 2WIQS Study ranked TVS Star City+ as best quality
product in the economy segment.
During the financial year 2017-18, TVS Apache RR 310, won two prestigious awards for Bike of the Year and Reader’s Choice Bike at Autocar Awards 2018.
The Company also won the Bike Manufacturer of the Year award at Times Auto Awards 2018.
About TVS Motor Company
We are a leading two and three-wheeler manufacturer, and the flagship company of the USD 7 billion TVS Group. We believe in Championing Progress through Mobility.
Rooted in our 100-year legacy of Trust, Value, Passion for Customers and Exactness, we take pride in making internationally aspirational products of the highest quality
through innovative and sustainable processes. We endeavour to deliver the most superior customer experience at all our touch points across 60 countries.
We are the only two-wheeler company to have received the prestigious Deming Prize. Our products lead in their respective categories in the JD Power IQS and APEAL surveys
for the past four years. We have been ranked No. 1 Company in the JD Power Customer Service Satisfaction Survey for consecutive three years. For more information,
please visit www.tvsmotor.com.
For further information, please contact
Varghese M Thomas