CHENNAI: TVS Motor Firm has claimed a reduction of Rs 139.one crore for quarter ended June 2020 as in opposition to gain immediately after tax of Rs 142.3 crore claimed for the quarter ended June 2019.
“This quarter is not a agent quarter owing to Covid- 19 connected shut down for big aspect of the quarter. Both equally production and gross sales were severely impacted in the course of the quarter and consequently reflects what an unparalleled circumstance was,” the company reported in a statement.
TVS Motor Firm has reported it is viewing a optimistic uptake in equally domestic retails as nicely as worldwide marketplaces. Many measures taken by the company assisted it overcome provide chain disruptions and stabilise operations by finish June,” it reported
The company resumed its operations at its factories in Hosur, Mysuru and Nalagarh in a graded way from the second 7 days of Could.
TVS Motor Company’s over-all two-wheeler gross sales together with exports was 2.55 lakh units in the course of quarter ended June 2020 as in opposition to gross sales of 8.84 lakh units claimed in the quarter ended June 2019.
Motorcycles registered gross sales of one.19 lakh units in the quarter ended June 2020 as in opposition to gross sales of four.17 lakh units registered in the quarter ended June 2019. Scooter gross sales of the Firm for the quarter registered gross sales of .82 Lakh units as in opposition to gross sales of 2.ninety five Lakh units in the quarter ended June 2019.
The full export of the company registered gross sales of .eighty one Lakh units in the course of the quarter ended June 2020 as in opposition to gross sales of 2.09 Lakh units in the quarter ended June 2019.
Whole 3-wheelers registered gross sales of .twelve lakh units in the quarter ended June 2020 as in opposition to gross sales of .40 lakh units in the quarter ended June 2019.
TVS Motor Firm claimed a revenue of Rs. 1434.3 crore in the very first quarter of 2020-21 as in opposition to the full revenue of Rs. 4469.8 crore in the quarter ended June 2019.
Also Read: TVS Motor launches BS-VI Zest a hundred and ten with fuel injection, priced at Rs 58,460
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