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The corporate reported complete gross sales to the tune of two, 81,714 models in February as in opposition to complete gross sales of two, 97,747 models in the identical month final 12 months.
TVS Motor’s counter slipped to a low of Rs 600.60 as in opposition to Rs 617.75 on BSE.
Complete two-wheelers registered gross sales of two,67,625 models in February 2022 as in opposition to gross sales of 284,581 models in February 2021, stories stated, including that home two-wheeler registered gross sales of 1,73,198 models in February 2022 as in opposition to gross sales of 195,145 models in February 2021.
In accordance with stories, bike gross sales grew by 5 per cent growing from 1,37,259 models in February 2021 to 1,43,523 models in February 2022 whereas scooter gross sales registered 86,616 models in February 2022 as in opposition to gross sales of 95,525 models in February 2021.
The scarcity in provide of semiconductors has impacted the manufacturing and gross sales of premium two-wheelers; TVS Motor was quoted as saying in stories, which added that the corporate is cautiously optimistic that the scenario would enhance in coming months.
The corporate’s revenue after tax declined 18.34 per cent to Rs 236.56 crore for the third quarter ended December 2021 on account of decrease two-wheeler gross sales. The corporate had reported a consolidated web revenue of Rs 289.69 crore in the identical interval of earlier fiscal.
Income from operations, nevertheless, rose to Rs 6,597.35 crore within the third quarter as in opposition to Rs 6,094.91 crore within the October-December interval of 2020-21 fiscal.
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