New Delhi, July 21 -- Two of India's biggest two-wheeler manufacturers painted an upbeat picture of coming demand after reporting record high quarterly revenues in the first quarter on Tuesday.

TVS, the country's third-largest two-wheeler maker by number of vehicles sold, saw its consolidated revenue grow 34% year-on-year (y-o-y) to Rs.16,453 crore even as net profit surged 65% to Rs.1,057 crore.

Fourth-largest Bajaj Auto recorded 65% y-o-y growth in revenue to Rs.21,688 crore, and 44% increase in net profit to Rs.3,188 crore.













Both companies attributed their strong performance to sustained domestic demand following GST cuts and robust export growth, which helped offset higher fuel prices and logistics disruptions caused by ...