TVS Motor Company Reports Record Sales Boosting Profit Growth

TVS Motor Company reported a 32% increase in net profit for the June quarter, reaching Rs 610 crore, driven by record sales. The company achieved a total income of Rs 12,250 crore and saw significant growth across all vehicle segments, with a notable rise in motorcycle, scooter, and electric scooter sales.

TVS Motor Company announced a 32% year-on-year increase in its consolidated net profit, reaching Rs 610 crore for the June quarter, buoyed by the highest-ever quarterly sales.

The company's total income soared to Rs 12,250 crore compared to Rs 10,355 crore in the same period the previous year, according to a regulatory filing.

Impressive growth was observed in the sales of two-wheelers and three-wheelers, with overall sales, including exports, climbing by 17% to 12.77 lakh units. Motorcycle sales surged by 21%, scooters by 19%, and three-wheelers by 46% year-on-year.