TVS Motor Co. Ltd. has been witnessing a surge in its electrical automobile sales. For the December quarter, it offered 48,223 models in opposition to 29,230 models
TVS Motor Company’s standalone net profit for the December quarter rose 68% from the year-earlier interval to ₹593 crore on improved sales.
Revenue from operations grew by 26% to ₹8,245 crore, whereas prices of uncooked materials elevated to ₹5,696 crore from ₹4,882 crore, the car agency mentioned in a regulatory submitting.
Profit earlier than tax grew 63% to ₹775 crore. This included different earnings of ₹73 crore relating to beneficial properties from investments.
During the quarter, TVSM offered 10.63 lakh two-wheelers in opposition to 8.36 lakh models. There was a marginal enhance in two-wheeler exports to 2.16 lakh models from 2.07 lakh models, whereas three wheelers sales declined to 38,000 from 43,000 models. Electric autos registered sales of 48,223 models in opposition to 29,230 models.
On Wednesday, the board really helpful the re-appointment of Ok.N. Radhakrishnan, director, who’s liable to retire by rotation on the ensuing Annual General Meeting.
Director Lakshmi Venu, in the meantime, is not going to search re-appointment, due to her elevated tasks and commitments in TAFE and TVS Holdings Ltd., the corporate mentioned.
