TVS Motor Company has reported a positive growth of 27 percent during the financial year 2014-15. During the year ended March 2015, the overall two-wheeler sales of TVS Motor Company, including exports grew from 19.93 lakh units registered in the year 2013-14 to 24.09 lakh units in the year 2014-15.
Motorcycle sales during the fiscal year increased from 7.86 lakh units in the year ended March 2014 to 9.51 lakh units in the year ended March 2015. Scooters sales during the period under review increased from 4.74 lakh units in the year ended March 2014 to 7.00 lakh units in the year ended March 2015.
Three wheeler sales of the company increased significantly from 80,000 units in the previous year to 1.08 lakh units in the year ended March 2015. Total exports of the company increased from 3.09 lakh units recorded in March 2014 to 4.13 lakh units in the year ended March 2015.
The company’s total revenue crossed the landmark 10,000 crore figure during the current financial year. Total revenue increased by 26.8%, growing from Rs 7965.94 crores in the year ended March 2014 to Rs. 10098.22 crores in the year ended March 2015.
Profit Before Tax (PBT) grew by 29.4%, increasing from Rs. 352.54 crores in the year ended March 2014 to Rs. 456.16 crores in the year ended March 2015. Profit After Tax grew by 32.9% increasing from Rs. 261.63 crores in the year ended March 2014 to Rs. 347.83 crores in the year ended March 2015.
In future, the company will introduce two new motorcycles this year, including TVS Victor and a high powered premium bike. In addition to this, the company has also planned upgrades of existing products to further strengthen its portfolio. With its customer centric engineering approach, consistent focus on quality and a superior product line, TVS Motor Company is looking to consolidate its position and performance in the ongoing fiscal.