TVS Motor net halves, plans news models for growth


MUMBAI, Jan 25 (Reuters) - TVS Motor Co Ltd. , India's No.3 motorcycle maker, reported its October-December net profit almost halved, missing analyst forecasts, hit by lack of cheap loans, bike models and cut throat competition. The company said in a statement its higher-margin motorcycle volumes fell by a fifth to 176,158 units in the third quarter, dragging down net profit to 58.3 million rupees and sales by 6.5 percent to 8.75 billion rupees. Analysts polled by Reuters estimated a net ...

Premium Content (PAID Subscription Required)

"TVS Motor net halves, plans news models for growth" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For pricing and subscription information please contact
Lisa Williamson by email: or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×