TVS Motor Company has reported results for second quarter ended September 30, 2012.
The company has reported 40.94% fall in its net profit at Rs 45.19 crore for the quarter ended September 30, 2012 as compared to Rs 76.51 crore for the same quarter in the previous year. Total income from operation of the company has decreased by 15.10% at Rs 1690.61 crore for quarter under review as compared to Rs 1991.30 crore for the quarter ended September 30, 2011.
TVS Motor Company is the third largest two-wheeler manufacturer in India and one among the top ten in the world. The company has a production capacity of 2.5 million units a year. Wego is a 110 cc scooter targeted at the urban young couples. The company’s other scooter brands are TVS Scooty Pep+ and TVS Scooty Streak aimed at female customers.