New Delhi sources have stated that Indian two-wheeler manufacturer TVS Motor Company's revenue grew by 9.6% to Rs 13363 crore in FY 2016-17 the company informed in a BSE filing. TVS Motor Company sold a total of 29.27 lakh of its two-wheelers (Motorcycles, Scooters and Mopeds) in FY 2016-17. Total revenue for the year recorded a growth of 9.6% increased from Rs.12194.77 crores in the year ended March 2016 to Rs.13363.43 crores for the year ended March 2017.
Meanwhile it was stated that the profit Before Tax (PBT) grew by 11.1%, increased from Rs.628.94 crores in the year ended March 2016 to Rs.698.68 crores in the year ended March 2017. Profit after Tax grew by 14.1% increasing from Rs.489.28 crores in the year ended March 2016 to Rs.558.08 crores in the year ended March 2017.
Further
the motorcycle sales during the fiscal year increased from 10.17 lakh units in
the year ended March 2017 to 10.77 lakh units in the year ended March 2017. Three wheeler registered sales of 0.69 lakh units in the year ended March 2017
as against 1.11 lakh units in the year ended March 16.
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