TVS Motor Company has reported results for third quarter ended December 31, 2012.
The company has registered a fall of 7.21% in its net profit at Rs 52.45 crore in Q3FY13 as compared to Rs 56.53 crore in the corresponding quarter previous year. The total income of the company has increased by 1.34% to Rs 1799.22 crore for the quarter under review as compared to Rs 1775.45 crore in the same quarter last year.
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.
