India’s third largest two wheeler maker TVS Motor Co. on Thursday reported better sales and margins. The second quarter TVS had a net profit which doubled due to the higher sales and the lower costs. The product of TVS had fixed costs said the president of marketing Goindi told to the Reuters. The volumes of the three wheeler and motorbike during the quarter even increased the sales and profits.
On various models TVS Motors had a price hike up to 1.5% during September month and will make another increase later. A net profit of Rs. 54.78 crore was seen during July to September month when during last year TVS had just Rs.24.55 crore. The net sales of TVS had rose upto RS.1,590 crore which was just RS.1,1145 crore during last year. The high volume in the top line was expec ted said an senior analyst from a Brokering agency.
The product mix and the operating margins had important role to play for the net profit of the TVS company. The TVS EBITDA margins came at 6.7% when it was just 5.5 % during a year earlier said the reports from the company. The two wheeler sales totally had a growth of 32% during the second quarter and the sales jumped to 35%. The two wheeler exports had raised to 67% about 59,000 units while the three vehicle sales had rose up to 9,826 units. TVS combined with other peers like Hero Honda and Bajaj has been raising the sales for the present year and expanding the economy.