New Delhi, Jan. 28 -- TVS Motor Co. expects the third-quarter momentum to continue as the share of premium motorcycles and scooters rises amid healthy consumer demand.
The maker of the Jupiter scooter saw its consolidated net profit jump 46% year-on-year to a record Rs.891 crore during the October to December quarter, driven by strong domestic and international sales. Overall sales surged 25% over a year earlier to 1.48 million two-wheelers, helping revenue grow by 33% year on year to Rs.14,745 crore, its highest ever.
Its record profit was driven by a 35% jump in exports to 366,000 units during the quarter. The company will ramp up its focus on the international market with the launch of new models under its UK-based Norton brand.
TVS...
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