TVS Motor July-Sep net slips, sees tough times ahead

Newswire

MUMBAI, Oct 30 (Reuters) - TVS Motor Co Ltd , India's third-largest two wheeler maker, reported a 12.6 percent fall in July-September profit and added it expects adverse market conditions to continue for the next 18 months. The Chennai-based firm reported a net profit of 104 million rupees compared with 119 million rupees in the same period last year, while revenue rose 23 percent to 10.3 billion rupees. Adverse retail financing, a global credit crunch and concerns of world-wide slowdown ...

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