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TVS Motor revenues grow 42% , exports grow 45% in FY '10- '11 Print E-mail
Written by Krishna Kumar   
Saturday, 30 April 2011
Chennai: TVS Motor Company's total revenue grew from Rs. 4430.14 crores in the year April to March 2010 to Rs. 6289.31 crores in the year ended March 2011. The company exported 2.39 lakh units in 2010 - 2011 compared to 1.65 lakh units in 2009-10, a growth of 45% over the previous year.

TVS plans to launch 2 new two wheelers during 2011-12. These products will help to significantly increase the market share of the company.

While exports will continue to be the focus area of growth, the three wheeler business of the company is also expected to gain further momentum with products now being made available across the country.

The company witnessed expansion in its international business with entry in to new countries. It's international business saw a significant increase with sales growing by 36%. During the year, the company's two wheelers entered two more countries Mexico & Brazil. In Brazil, the distributor set up a motorcycle assembly plant that will significantly add to the sales. The company's 3 wheeler entered Egypt during the year.

The company registered a growth of 32% in sales with overall two-wheeler sales growing from 15.19 lakh units in the previous financial year to 20.04 lakh units in the year ended March 2011.

Motorcycles registered a growth of 31% increasing from 6.38 lakh units in the previous year to 8.33 lakh units in the year ended March 2011. Scooters grew at 51% from 3.1 lakh units in the previous year to 4.67 lakh units in the current fiscal.

Three wheeler sales of the company grew substantially from 14700 units in the year ended March 2010 to 39200 units in the current year.

New product launches during the year were mainly in the motorcycle segment with the introduction of TVS Max4R, TVS Apache RTR 180 ABS and TVS Sport with electric start.

During the year, the company set a precedent, by introducing ABS (Anti-lock Braking System) on a motorcycle for the first time in the history of the Indian two wheeler industry.

During the year under review, the company launched a unique 'Anywhere, Anytime Service', for the first time in the three wheeler industry in India, for its three wheeler TVS King. The service has been launched in Chennai and Bangalore and is expected to be rolled out to other major cities during the year ending March 2012. Fully equipped service auto rickshaws with tools, spare parts and trained technicians are positioned at strategic locations to offer "service on call". In the event of any emergency, all that a customer needs to do is to call a specific number and one of these mobile service auto rickshaws will attend to his problem in a matter of minutes.

Profit Before Tax stood at Rs. 250.09 crores compared to Rs. 76.17 crores reported in the previous year. Profit After Tax during the year ended March 2011 stood at Rs.192.58 crores as against Rs. 88.01 crores registered in the corresponding period in 2009-10.

The board had declared an interim dividend of Re. 0.50 per share on the enhanced capital of Rs.47.51 crores at the end of the third quarter of the year ended March 2011, while recommending the issue of bonus equity shares to the shareholders in the ratio 1:1

 
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