TVS Motor Company has reported results for first quarter ended June 30, 2014.
The company’s net profit for the quarter rose by 39.42% at Rs 72.32 crore as compared to Rs 51.87 crore for the quarter ended June 30, 2013. Its total income has increased by 30.97% to Rs 2305.39 crore for the quarter under review from Rs 1760.18 crore for the corresponding quarter of the previous year.
TVS Motor Company is the flagship of the $7 billion Indian conglomerate, TVS Group which recently celebrated one hundred years in the automotive business in India. The company recently won 'India's Most Trusted Two Wheeler Brand' Award from the Times Group. The company has recorded 23% growth in sales during the month of June 2014, with total primary sales increasing from 164,128 units recorded in the month of June 2013 to 202,177 units in the month of June 2014.