TVS Motor profit jumps 54% to an all-time high
Mumbai, May 13 -- India's third-largest two-wheeler manufacturer, TVS Motor Co. Ltd, on Wednesday reported its best-ever financial performance for a fiscal year as the maker of Apache motorcycles and Ntorq scooters outpaced rivals in sales growth.
The company expects to outpace industry growth again this fiscal year, despite rising input costs and supply-chain disruptions caused by the war in West Asia.
"We are confident about the demand. The uncertainty is on timely raw material availability," K.N. Radhakrishnan, its director and chief executive, said during an investor call.
He expects the domestic two-wheeler industry to grow at a single-digit rate in 2026-27, with TVS Motor likely to outperform. Benefits from the goods and services...
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