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.
Vishal Venugopal
Ved Janve
Azaman Chothia
