In volume terms, the overall two and three-wheeler sales, including international business, grew 8% to 33.10 lakh units in 2021-22.
"This highest turnover of the company in a financial year was achieved under very challenging condition of COVID-19 wave 2 & 3, semiconductor shortage, container availability constraints and steep increases in the commodity cost," the company said. However, for the fiscal 2021-22, TVS Motor's earnings showed a much better picture with the company recording its highest ever turnover and profit.ĭuring 2021-22, revenue from operations grew 24% to Rs 20,791 crore and profit after tax rose 46% to Rs 894 crore. The overall two-wheeler and three-wheeler sales, including exports, fell to 8.56 lakh units from 9.27 lakh units in the quarter ended March 2021. Revenue from operations grew 4% to Rs 5,530 crore, mainly due to price hikes as the company's total sales volume declined during the quarter.
Two-wheeler maker TVS Motor Company today reported a 5% fall in standalone net profit for the January-March quarter to Rs 275 crore as a low-single-digit rise in sales was not enough to cover the rise in costs. TVS Motor Jan-March profit slips 5% on lower volume-Your browser does not support the audio element.
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