TVS Motor Company, the flagship company of the 100 year old TVS Group, is planning to launch two new motorcycles this year, including TVS Victor and a high-powered premium bike. The company is also planning to upgrade its existing products to further strengthen its portfolio and consolidate its position and performance in the current financial year.
Meanwhile, the company has clocked a 74% increase in its net profit for the fourth quarter ended March 31, 2015 at Rs 90.52 crore, up from Rs 52.12 crore in the year-ago quarter. For financial year-ended March 2015, the company's profit after tax grew by 33% from Rs 261.63 crore in FY13-14 to Rs 347.83 crore in FY14-15.