Chennai-based two- and three-wheeler maker, TVS Motor Company has reported its financial result for Q2 FY2020. For the quarter, the company reported revenue of Rs 4,617 crore (+6 percent) as against Rs 4,353 crore for the same period a year ago. The profit after tax (PAT) came at Rs 196 crore, which is lower by 23 percent YoY.
The company says, despite the COVID-19 challenges, it strengthened its supply chain during the second quarter of 2020-2021. The production and sales improved consistently from July 2020 onwards. In July, the company sold 2.44 lakh two-wheelers, which improved to 2.77 lakh units in the month of August, and in September sales went up further to 3.13 lakh units. During the quarter, the total two-wheeler sales was 8.34 lakh units, which is almost in line with last year's sales of 8.42 lakh units.
The Q2 sales include 3.66 lakh motorcycles (Q2 FY2020: 3.42 lakh motorcycles) and 2.70 lakh scooters (Q2 FY2020: 3.33 lakh scooters).
In terms of three-wheelers, the company sold around 33,000 units in the quarter ended September 2020, as against sales of around 43,000 units in the quarter ended September 2019.
Azaman Chothia
Vishal Venugopal
