TVS Motor Company Facts & Figures

[Akash1886]

TVS secures first rank in J.D. Power 2018 India Two-Wheeler Customer Service Index (2WCSI) Study for TVS​

“It is a special moment for TVS Motor Company to have secured the 1st position in the J.D. Power India Two-Wheeler Customer Service Index Study 2018, for the third consecutive time. We endeavor to constantly strive and meet the evolving consumer needs and remain focused on providing a superior ownership experience for our customers. This recognition is a testimony to our efforts to deliver absolute customer delight through Total Quality Management. We would like to appreciate our dealers and their employees for consistently delivering best in class customer service.” - Mr. KN Radhakrishnan, President & CEO, TVS Motor Company

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Re: TVS Motor Company Facts & Figures Thread.

Customer Service More Crucial to After-Sales Satisfaction Than Vehicle Servicing, J.D. Power Finds

TVS Ranks Highest in Customer Satisfaction with Two-Wheeler After-Sales Service for Third Consecutive Year

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SINGAPORE: 26 April 2018 — Although vehicle manufacturers (OEMs) place a strong focus on executing service quality-related processes, such as work done right the first time and washing the vehicle after servicing, these processes alone do not necessarily correspond to the highest levels of customer satisfaction, according to the J.D. Power 2018 India Two-Wheeler Customer Service Index (2WCSI) Study,SM released today.

Among the 88% of two-wheeler owners who were provided with these two service quality processes during their most recent service visit, satisfaction is 764 points (on a 1,000-point scale), which is 16 points higher than the industry average.

“Vehicle servicing is often considered as a necessary chore, and customers appreciate it when the manufacturer or workshop helps execute a service visit as effortlessly and conveniently as possible,” said Kaustav Roy, Regional Director at J.D. Power, Singapore. “The focus needs to shift from servicing the vehicle to engaging the customers. Two-wheeler OEMs that take the first step in providing these activities will likely be able to differentiate their service offering from that of other OEMs and the non-authorized service network.”

Overall satisfaction among customers who were provided with key service quality processes, supported by relevant communication activities within the optimum time parameters, is 799 points, which is 51 points higher than industry average.

The following are additional key findings of the study:

Scheduling service improves satisfaction: Instances of customers scheduling their service visit through a prior appointment have increased to 31% in 2018 from 20% in 2016. Satisfaction is higher among customers who schedule an appointment for servicing than among those who drop by the service dealer without an appointment (768 vs. 738, respectively).

Comfort and connectivity key at service facility: Among the various facilities available in the service outlet, internet access and an air-conditioned waiting area have the highest positive impact on customer satisfaction.

Competitive pressure from non-authorized network: Nearly 1 in 5 (18%) customers indicate having visited a non-authorized service network within 24 months of vehicle ownership. Manufacturers can retain more of these customers in the authorized network by providing a richer experience. Among customers who are highly satisfied with the authorized network (overall satisfaction score of 855 points or higher), the defection rate to a non-authorized network drops to 12%.

Study Rankings

TVS ranks highest in customer satisfaction for the third consecutive year, with a score of 784, performing particularly well in all five factors. Royal Enfield ranks second with a score of 749. Overall customer satisfaction with two-wheeler after-sales service is 748. In the two-wheeler segments, the overall satisfaction score averages 746 for scooters and 749 for motorcycles.

The 2018 India 2WCSI Study is based on evaluations from 7,436 two-wheeler owners in 45 cities across India. These owners purchased a new two-wheeler between November 2015 and March 2017 and had a service experience within three months of evaluation. The study was fielded from November 2017 to March 2018.

The study, now in its third year, measures customer satisfaction with the after-sales service experience at OEM-authorized service centers during the first 12-24 months of ownership. The study examines overall satisfaction in five factors (listed in order of importance): vehicle pick-up (22%); service advisor (21%); service quality (20%); service facility (19%); and service initiation (18%). Overall customer satisfaction is measured on a 1,000-point scale.

About J.D. Power in the Asia Pacific Region

J.D. Power has offices in Singapore, Bangkok, Beijing, Shanghai and Tokyo that conduct customer satisfaction research and provide consulting services in the automotive, information technology and finance industries in the Asia Pacific region. Together, the five offices bring the language of customer satisfaction to consumers and businesses in Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Taiwan, Thailand and Vietnam. J.D. Power is a portfolio company of XIO Group, a global alternative investments and private equity firm headquartered in London, and is led by its four founders: Athene Li, Joseph Pacini, Murphy Qiao and Carsten Geyer. Information regarding J.D. Power and its products can be accessed through the internet at india.jdpower.com.

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Akash

 

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TVS Motor Company bags top honours in J.D. Power 2018 Study

Ranked No. 1 in Two-Wheeler Customer Service Index Study for third consecutive year

TVS Star City+, TVS Apache RTR 180 & TVS Jupiter emerge top performers​

Hosur, April 30, 2018: TVS Motor Company, a leading two and three-wheeler manufacturer in India, has bagged top honors in J.D. Power 2018 India Two-Wheeler Customer Service Index (2WCSI), Two-Wheeler Initial Quality Study (2WIQS) and Two-Wheeler Automotive Product Execution & Layout (2WAPEAL) Study. J.D. Power annually ranks the two-wheelers in terms of best in class product quality, best in class APEAL quality and best in class service quality through a detailed survey with over 10,000 customers.

TVS Motor Company has been ranked number No. 1 for the third consecutive year in the J.D. Power 2018 India Two-Wheeler Customer Service Index Study (2WCSI) for exceptional customer service. The 2018 India 2WCSI Study is based on evaluations from 7,436 two-wheeler owners in 45 cities across India.

In the 2WAPEAL Study, TVS products have been ranked No. 1 in each of the product category - TVS Jupiter in scooter segment, TVS Apache RTR 180 in motorcycle premium segment, and TVS Star City+ in motorcycle economy segment. The 2WIQS Study has ranked TVS Star City+ as best quality product in the economy segment.

“It is a special moment for TVS Motor Company to have bagged top honors in the J.D. Power 2018 study, including securing the 1st position in J.D Power India Two-Wheeler Customer Service Index Study 2018, for the third consecutive time. We endeavor to constantly strive and meet the evolving consumer needs and remain focused on providing a superior ownership experience for our customers. This recognition is a testimony to our efforts to deliver absolute customer delight through Total Quality Management. We would like to appreciate our dealers and their employees for consistently delivering best in class customer service.” - Mr. KN Radhakrishnan, President & CEO, TVS Motor Company.

About TVS Motor Company

We are a leading two and three-wheeler manufacturer, and the flagship company of the USD 7 billion TVS Group. We believe in Championing Progress through Mobility. Rooted in our 100-year legacy of Trust, Value, Passion for Customers and Exactness, we take pride in making internationally aspirational products of the highest quality through innovative and sustainable processes. We endeavour to deliver the most superior customer experience at all our touch points across 60 countries. We are the only two-wheeler company to have received the prestigious Deming Prize. Our products lead in their respective categories in the JD Power IQS and APEAL surveys for the past 4 years. We have been ranked No. 1 Company in the JD Power Customer Service Satisfaction Survey for consecutive 3 years. For more information, please visit www.tvsmotor.com.

Regards

Akash

 

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TVS Motor Company posts 24% sales growth in April 2018​

Hosur, May 01, 2018: TVS Motor Company registered a sales growth of 24% increasing from 246,310 units in April 2017 to 304,795 units in the month of April 2018.

Two-Wheeler

Total two-wheelers registered growth of 21.7% with sales increasing from 241,007 units in April 2017 to 293,418 units in April 2018. Domestic two-wheelers recorded growth of 17.6% with sales increasing from 205,522 units in April 2017 to 241,604 units in April 2018.

Scooter sales of the Company grew by 9.6% from 81,443 units in April 2017 to 89,245 units in April 2018. Motorcycles sales grew by 31.8% with sales increasing from 99,890 units in April 2017 to 131,704 units in April 2018.

Exports

The Company's total exports grew by 53.6 % from 40,221 units registered in the month of April 2017 to 61,798 units in April 2018. Two-wheeler exports grew by 46.0% increasing from 35,485 units in April 2017 to 51,814 units in April 2018.

Three-Wheeler

Three-wheeler of the Company grew by 114.5% increasing from 5,303 units in April 2017 to 11,377 units registered in April 2018.

About TVS Motor Company

We are a leading two and three-wheeler manufacturer, and the flagship company of the USD 7 billion TVS Group. We believe in Championing Progress through Mobility. Rooted in our 100-year legacy of Trust, Value, Passion for Customers and Exactness, we take pride in making internationally aspirational products of the highest quality through innovative and sustainable processes. We endeavour to deliver the most superior customer experience at all our touch points across 60 countries. We are the only two-wheeler company to have received the prestigious Deming Prize. Our products lead in their respective categories in the JD Power IQS and APEAL surveys for the past four years. We have been ranked No. 1 Company in the JD Power Customer Service Satisfaction Survey for consecutive three years. For more information, please visit www.tvsmotor.com.

Regards

Akash

 

[Akash1886]

TVS Motor Company’s revenue grows by 24.7% and Profit Before Tax (PBT) by 25.8% in FY 2017-18​

Chennai, May 16, 2018: TVS Motor Company, today reported its financial results for the year 2017-18. With total sales of 34.66 lakh units for the year, the Company’s total revenue excluding Excise Duty / GST grew by 24.7% to Rs.15129.66 crores. During the year, the Company strengthened its presence in the motorcycle and scooter segments with launch of TVS Apache RR 310, TVS NTORQ 125 and TVS Apache RTR 160 4V and refreshed product portfolio.

Q4 PERFORMANCE (January 2018 – March 2018):

The overall two-wheeler and three-wheeler sales of the Company grew by 31.7% from 6.75 lakh units in fourth quarter of 2016-17 to 8.89 lakh units in fourth quarter of 2017-18. Motorcycle sales grew by 61.1% from 2.15 lakh units in the fourth quarter of 2016-17 to 3.46 lakh units in fourth quarter of 2017-18. Scooter sales grew by 25.5% from 2.23 lakh units in the fourth quarter of 2016-17 to 2.80 lakh units in the quarter under review. The Company’s total export increased by 45.3% from 1.11 lakh units in the fourth quarter of 2016-17 to 1.61 lakh units of two wheelers and three wheelers in the quarter under review. Three-wheeler sales grew by 90.7% from 0.15 lakh units in the fourth quarter of 2016-17 to 0.29 lakh units in the quarter under review.

TVS Motor Company reported a growth of 40.4% with total revenue excluding Excise Duty / GST going up from Rs.2844.50 crores in the fourth quarter of 2016-17 to Rs.3992.76 crores in the fourth quarter of 2017-18.

The Company’s Profit Before Tax (PBT) registered a growth of 43.3% increasing from Rs.134.02 crores in the fourth quarter of 2016-17 to Rs.192.05 crores in the fourth quarter of 2017-18. Profit After Tax (PAT) grew by 30.6% from Rs.126.77 crores in the fourth quarter 2016-17 to Rs.165.61 crores in the fourth quarter of 2017-18.

FULL YEAR PERFORMANCE (April 2017 to March 2018):

FINANCIAL PERFORMANCE:

Total revenue excluding Excise Duty for the year recorded a growth of 24.7% increasing from Rs.12135.31 crores in the year ended March 2017 to Rs.15129.66 crores in the year ended March 2018. Profit Before Tax (PBT) grew by 25.8%, increasing from Rs.698.68 crores in the year ended March 2017 to Rs.878.64 crores in the year ended March 2018. Profit After Tax(PAT) grew by 18.7% increasing from Rs.558.08 crores in the year ended March 2017 to Rs.662.59 crores in the year ended March 2018.

SALES:

During the year ended March 2018, the overall two-wheeler sales of TVS Motor Company, including exports grew by 17.8% increasing from 28.58 lakh units registered in the year 2016-17 to 33.67 lakh units in the year 2017-18. Motorcycle sales during the fiscal year grew by 25.8% increasing from 10.77 lakh units in the year ended March 2017 to 13.55 lakh units in the year ended March 2018. Scooter sales grew by 30.4% increasing from 8.70 lakh units in the year ended March 2017 to 11.35 lakh units in the year ended March 2018. Three-wheeler sales increased by 42.5% from 0.69 lakh units in the year ended March 2017 to 0.99 lakh units in the year ended March 2018. The total export of the Company recorded a growth of 35.1% increasing from 4.25 lakh units in the year ended March 2017 to 5.74 lakh units in the year ended March 2018.

INTERIM DIVIDENDS:

The board of directors of the Company has declared two interim dividends at their meeting held on November 01, 2017 and February 26, 2018 respectively for the year 2017-18. The total dividend paid for the year ended March 2018 aggregated to Rs. 3.30 per share (330%) on 47,50,87,114 equity shares of Re.1/- each. The board does not recommend any further dividend for the year under consideration.

AWARDS:

TVS Motor Company was ranked number 1 in J.D. Power 2018 India Two-Wheeler Customer Service Index (2WCSI), Two-Wheeler Initial Quality Study (2WIQS) and Two-Wheeler Automotive Product Execution & Layout (2WAPEAL) Study. In the 2WAPEAL Study, TVS Motor Company’s products was ranked No. 1 in each of the product category - TVS Jupiter in scooter segment, TVS Apache RTR 180 in motorcycle premium segment, and TVS Star City+ in motorcycle economy segment. The 2WIQS Study ranked TVS Star City+ as best quality product in the economy segment.

During the financial year 2017-18, TVS Apache RR 310, won two prestigious awards for Bike of the Year and Reader’s Choice Bike at Autocar Awards 2018. The Company also won the Bike Manufacturer of the Year award at Times Auto Awards 2018.

About TVS Motor Company

We are a leading two and three-wheeler manufacturer, and the flagship company of the USD 7 billion TVS Group. We believe in Championing Progress through Mobility. Rooted in our 100-year legacy of Trust, Value, Passion for Customers and Exactness, we take pride in making internationally aspirational products of the highest quality through innovative and sustainable processes. We endeavour to deliver the most superior customer experience at all our touch points across 60 countries. We are the only two-wheeler company to have received the prestigious Deming Prize. Our products lead in their respective categories in the JD Power IQS and APEAL surveys for the past 4 years. We have been ranked No. 1 Company in the JD Power Customer Service Satisfaction Survey for consecutive 3 years. For more information, please visit www.tvsmotor.com.

Regards

Akash

 

[Akash1886]

TVS Motor Company posts 10% sales growth in May 2018​

Hosur, June 01, 2018: TVS Motor Company registered a sales growth of 10% increasing from 282,007 units in May 2017 to 309,865 units in the month of May 2018. Two-wheeler exports growth was robust at 49% and three-wheeler growth was at 78%. There was a onetime impact due to transition to E-Way Bill. This will normalise from June onwards.

Two-Wheeler

Total two-wheelers registered growth of 8.2% with sales increasing from 275,426 units in May 2017 to 298,135 units in May 2018. Domestic two-wheelers recorded growth of 2.4% with sales increasing from 240,527 units in May 2017 to 246,231 units in May 2018.

Scooter sales of the Company grew by 11.9% from 85,681 units in May 2017 to 95,879 units in May 2018. Motorcycles sales grew by 7.4% with sales increasing from 118,014 units in May 2017 to 126,711 units in May 2018.

Exports

The Company's total exports grew by 53.2% from 40,617 units registered in the month of May 2017 to 62,218 units in May 2018. Two-wheeler exports grew by 48.7% increasing from 34,899 units in May 2017 to 51,904 units in May 2018.

Three-Wheeler

Three-wheeler of the Company grew by 78.2% increasing from 6,581 units in May 2017 to 11,730 units registered in May 2018.

About TVS Motor Company

We are a reputed two and three-wheeler manufacturer, and the flagship company of the USD 7 billion TVS Group. We believe in Championing Progress through Mobility. Rooted in our 100-year legacy of Trust, Value, Passion for Customers and Exactness, we take pride in making internationally aspirational products of the highest quality through innovative and sustainable processes. We endeavour to deliver the most superior customer experience at all our touch points across 60 countries. We are the only two-wheeler company to have received the prestigious Deming Prize. Our products lead in their respective categories in the J.D. Power IQS and APEAL surveys for the past four years. We have been ranked No. 1 Company in the J.D. Power Customer Service Satisfaction Survey for consecutive three years. For more information, please visit www.tvsmotor.com.

Regards

Akash

 

[Akash1886]

CORPS OF MILITARY POLICE FLAGGED OFF A MOTORCYCLE EXPEDITION IN ASSOCIATION WITH TVS MOTOR COMPANY


(L-R) Lance Naik D Sashikant B, Naik Shiva Krishna CH, Lance Naik Santosh MK , Lt Col Vikram Rajebhosle & Havaldar Jangar Ananda.

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Bangalore 02 July 2018: India is a land of brave warriors; we fight to claim what is ours. Our Indian Army is full of such warriors and in the year 1999, the world witnessed the bravery of Indian Army when it conquered the Kargil Mountains against Pakistan intruders. To commemorate this victory ‘Kargil Vijay Diwas’ is celebrated each year on 26th July. As a part of the celebrations, on 2nd July 2018 ‘SHWET ASHW’, the elite Motorcycle Display Team of the Corps of Military Police along with TVS Motor Company flagged off a Motorcycle Expedition from Bangalore to Dras. Over the next 20 days, a team of 5 army officials will traverse a distance of more than 3250 Kilometres across eight states in the country. The expedition was flagged off today at a ceremony by Major General Sanjeev Narain, AVSM General Officer Commanding Karnataka & Kerala Sub Area from Core of Military Police, Centre and School, Bengaluru.

The ‘SHWET ASHW’ was formed in the year 1952 at CMP Centre & School, Faizabad and was given its name by the then Chief of Army Staff, Late Gen AS Vaidya, MVC and Bar. Since then, the team has performed at various National and International events and has three Guinness Book of World Records to its name. For the upcoming expedition, a five highly experienced riders from the team are participating in the expedition which include one officer and four other ranks from the Corps of Military Police. The team will traverse across the length of the country from Bangalore to Kargil and cover cities such as Belgaum, Pune, Mumbai, Vadodara, Udaipur, Nasirabad, New Delhi, Chandigarh, Manali, Sarchu & Leh, astride the TVS Apache RTR 200 Fi 4V Race Edition 2.0, an award-winning motorcycle from the stables of TVS Motor Company. The expedition will conclude on 24th July 2018, at Kargil War Memorial as a part of the ‘Kargil Vijay Diwas’ celebrations. The aim of the expedition is to strengthen the brotherhood, pay homage to the supreme sacrifices made by our martyrs during the Kargil War and enhance the image of the Indian Army to motivate the youth to join this elite organization.

Regards

Akash

 

[Akash1886]

TVS Motor Company posts 15% sales growth in June 2018​

Hosur, July 02, 2018: TVS Motor Company registered a sales growth of 15% increasing from 273,791 units in June 2017 to 313,614 units in the month of June 2018.

Two-Wheeler

Total two-wheelers registered growth of 12.1% with sales increasing from 268,638 units in June 2017 to 301,201 units in June 2018. Domestic two-wheelers recorded growth of 7.7% with sales increasing from 228,518 units in June 2017 to 246,176 units in June 2018.

Scooter sales of the Company grew by 13.6% from 90,448 units in June 2017 to 102,763 units in June 2018. Motorcycles sales grew by 14.9% with sales increasing from 112,146 units in June 2017 to 128,825 units in June 2018.

Exports

The Company's total exports grew by 48.6% from 44,389 units registered in the month of June 2017 to 65,971 units in June 2018. Two-wheeler exports grew by 37.2% increasing from 40,120 units in June 2017 to 55,025 units in June 2018.

Three-Wheeler

Three-wheeler of the Company grew by 140.9% increasing from 5,153 units in June 2017 to 12,413 units registered in June 2018.

First Quarter Sales Performance

During the first quarter of the current financial year, two-wheeler sales grew by 13.7% increasing from 7.85 lakh units in the first quarter of the previous year to 8.93 lakh units in the first quarter of the current year. Sales of three-wheelers of the Company grew by 108.5% increasing from 0.17 lakh units in the first quarter of the previous year to 0.36 lakh units in the first quarter of the current year.

About TVS Motor Company

We are a reputed two and three-wheeler manufacturer, and the flagship company of the USD 7 billion TVS Group. We believe in Championing Progress through Mobility. Rooted in our 100-year legacy of Trust, Value, Passion for Customers and Exactness, we take pride in making internationally aspirational products of the highest quality through innovative and sustainable processes. We endeavour to deliver the most superior customer experience at all our touch points across 60 countries. We are the only two-wheeler company to have received the prestigious Deming Prize. Our products lead in their respective categories in the J.D. Power IQS and APEAL surveys for the past four years. We have been ranked No. 1 Company in the J.D. Power Customer Service Satisfaction Survey for consecutive three years. For more information, please visit www.tvsmotor.com.

Regards

Akash

 

[Akash1886]

TVS Motor Company announces ‘Kargil Calling – Ride for the Real Stars’ to celebrate the contribution of the Indian Defence Forces



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Aishwarya Pissay to be part of Sherco TVS Rally Factory Team squad






(L-R) B Selvaraj, Team Manager, TVS Racing., Aishwarya Pissay, Factory Racer, TVS Racing & B Selvaraj, Team Manager, TVS Racing & Marc Teissier, Founder & CEO, Sherco



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TVS Motor Company celebrates ‘Kargil Calling – Ride for the Real Stars’ with nation-wide rides to recognise efforts of Indian Defence Forces





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· Over 2 Lakhs entries received from across the country

· Rides conducted at over 3500 TVS Motor Company touch points in India

Bangalore, July 26, 2018: TVS Motor Company, a reputed manufacturer of two-wheelers and three-wheelers, today celebrated ‘Kargil Calling – Ride for the Real Stars’ with rides across all TVS Motor Company touch points in India. This ride is part of TVS StaR City+ initiative “Stars behind the Stars” and celebrates the contribution of the Our Defence Forces.

Flagged off in over 3500 touch points across the country, the riders visited prominent city landmarks during the ride.

Speaking on the occasion, Mr. Aniruddha Haldar, Vice President (Marketing) Commuter Motorcycles, Scooter and Corporate Brand, TVS Motor Company said, “We rolled out ‘Kargil Calling – Ride for the Real Stars’ as an initiative to bring to forefront the unsung heroes of India – the Indian Defence Forces. It was humbling to witness the respect and gratitude that our citizens hold for these brave hearts which they showcased through overwhelming participation in this initiative by TVS StaR City+.”

The campaign invited entries from across the nation to ride together, regardless of the vehicle they own, with the sole purpose of expressing gratitude for the Indian Defence Forces who facilitate our freedom, comfort and safety.

The country-wide campaign for wishing the Indian Defence Forces and participating in the celebratory ride, was announced on July 06, 2018 on the TVS StaR City+ website. It received over 2 Lakhs entries and 1.5 Lakhs good wishes from all across the country for our Defence Forces.

Regards

Akash

 

[Akash1886]

Indian Army’s ‘Shwet Ashw’ team successfully concludes the expedition to Dras to commemorate Kargil War Heroes

The 5 member team covered 8 states in 20 days astride the TVS Apache RTR 200 FI 4V Race Edition 2.0



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Dras, July 27, 2018: ‘Ride to Kargil’ a motorcycle expedition, organised by the Indian Army and supported by TVS Motor Company, successfully concluded in Dras, with five-member team of ‘Shwet Ashw’ reaching their final destination – Kargil War Memorial. ‘Shwet Ashw’ is the elite Motorcycle Display Team of the Corps of Military Police.

Lt. Gen Ranbir Singh, AVSM, YSM, SM, Goc-in-c, Northern Command flagged in the expedition on 25th July 2018 at Dras. The team then celebrated Kargil Vijay Diwas at the Kargil War Memorial with the families of martyrs and Kargil war heroes on 26th July 2018. The 20-day expedition from Bengaluru to Dras saw the riders cover a distance of 4250 kilometres across 8 states astride the TVS Apache RTR 200 FI 4V Race Edition 2.0.

Speaking on the expedition, Mr. Arun Siddharth, Vice President (Marketing), Premium Two-Wheelers, International Business & TVS Racing, said, “We are honoured that TVS Apache RTR 200 FI 4V Race Edition 2.0 was an integral part of this noble initiative by the Indian Army. We want to thank them for giving us this opportunity to pay a tribute to the brave hearts on the special occasion of Kargil Vijay Diwas. The iconic ‘Shwet Ashw’ team has undergone tremendous challenges to reach Dras, battling torrid monsoons and difficult mountainous terrain. It makes us proud that the TVS Apache RTR 200 FI 4V Race Edition 2.0 supported them across this and helped them reach the destination as planned.”

The ‘Shwet Ashw’ squad includes team leader Lt. Col Vikram Rajebhosale, Havaldar Jangar Ananda, Naik Shiva Krishna CH, Lance Naik Santosh MK and Lance Naik D Sashikant B. The team covered 11 cities on the way including Belgaum, Pune, Mumbai, Vadodara, Udaipur, Nasirabad, New Delhi, Chandigarh, Manali, Sarchu & Leh. The aim of the expedition was to strengthen the brotherhood, pay homage to the supreme sacrifices made by our martyrs during the Kargil War and enhance the image of the Indian Army to motivate the youth to join this elite organization.

Regards

Akash

 

[Akash1886]

TVS Apache flags off the Apache Owners Group (AOG) ride ‘Race to the Clouds’ in New Delhi today.​

TVS Apache Owners Group is a community of passionate and like-minded TVS Apache riders sharing a common platform to explore and spread their enthusiasm for motorcycling. Today, AOG has an active rider base in more than 35 cities and boasts of over 3000 customers.

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TVS Apache flags off the Apache Owners Group (AOG) ride ‘Race to the Clouds’ in New Delhi today. The 14 day ride will see around 30 TVS Apache owners, including three women riders, from across the country riding on TVS Apache motorcycles to Nubra Valley, Leh. The team will cover a distance of 2600 km appx across 5 cities on the way, with the ride concluding at Nubra Valley on 3rd August, 2018.

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Akash

 

[Akash1886]

TVS Motor Company posts 18% sales growth in July 2018​

Hosur, August 01, 2018: TVS Motor Company registered a sales growth of 18% increasing from 271,171 units in July 2017 to 321,179 units in the month of July 2018.

Two-Wheeler

Total two-wheelers registered growth of 17% with sales increasing from 263,336 units in July 2017 to 307,856 units in July 2018. Domestic two-wheelers recorded growth of 13% with sales increasing from 219,396 units in July 2017 to 247,382 units in July 2018.

Scooter sales of the Company grew by 29% from 92,378 units in July 2017 to 118,996 units in July 2018. Motorcycles sales grew by 11% with sales increasing from 109,427 units in July 2017 to 121,434 units in July 2018.

Exports

The Company's total exports grew by 42% from 50,957 units registered in the month of July 2017 to 72,242 units in July 2018. Two-wheeler exports grew by 38% increasing from 43,940 units in July 2017 to 60,474 units in July 2018.

Three-Wheeler

Three-wheeler of the Company grew by 70% increasing from 7,835 units in July 2017 to 13,323 units registered in July 2018.

About TVS Motor Company

We are a reputed two and three-wheeler manufacturer, and the flagship company of the USD 7 billion TVS Group. We believe in Championing Progress through Mobility. Rooted in our 100-year legacy of Trust, Value, Passion for Customers and Exactness, we take pride in making internationally aspirational products of the highest quality through innovative and sustainable processes. We endeavour to deliver the most superior customer experience at all our touch points across 60 countries. We are the only two-wheeler company to have received the prestigious Deming Prize. Our products lead in their respective categories in the J.D. Power IQS and APEAL surveys for the past four years. We have been ranked No. 1 Company in the J.D. Power Customer Service Satisfaction Survey for consecutive three years. For more information, please visit www.tvsmotor.com.

Regards

Akash

 

[Akash1886]

TVS Motor Company’s revenue grows by 21%,

EBITDA grows by 35% in Q1 of FY 2018-19​

Chennai, August 07, 2018: TVS Motor Company reported a revenue growth of 21% for the first quarter of FY 2018-19. Total revenue excluding Excise Duty grew to Rs. 4171.0 crores in the current quarter of 2018-19 from Rs. 3456.6 crores in the quarter ended June 2017.

The Company’s Profit Before Tax (PBT) for the quarter ended June 2018 is Rs. 212.4 crores as against Rs. 179.4 crores which included a notional fair valuation gain of Rs. 36.6 crores and a one-time GST discount of Rs. 16.5 crores given to dealers for the quarter ended June 2017.

Hence, the current quarter PBT of Rs. 212.4 crores when compared with operating PBT of Rs. 159.3 crores for Q1 of 2017-18 after adjusting the above two items represents an increase of 33%.

EBITDA for the quarter ended June 2018 has grown to 7.4% from 6.7% for Q1 of 2017-18, increase of 70 bps. EBITDA for the quarter ended June 2018 is Rs. 306.5 crores compared to Rs. 227.9 crores (before GST discount of Rs. 16.5 crores) for the quarter ended June 17, a growth of 35%.

Profit After Tax (PAT) for quarter ended June 2018 is Rs. 146.6 crores as against Rs. 129.5 crores reported for the quarter ended June 2017. Operating PAT for the quarter ended June 2017 prior to consideration of fair valuation gains and one-time GST discount is Rs. 115.0 crores. The growth in operating PAT is 27.5%.

During the quarter ended June 2018, the overall two-wheeler sales of the Company including exports grew by 14% to 8.93 lakh units in the quarter ended June 2018 from 7.85 lakh units in the quarter ended June 2017. Motorcycles sales grew by 17% to 3.87 lakh units in the quarter ended June 2018 from 3.30 lakh units registered in the quarter ended June 2017. Scooter sales of the Company grew by 12% to 2.88 lakh units in the quarter ended June 2018 from 2.58 lakh units in the quarter ended June 2017. The total Exports of the Company grew by 52% to 1.90 lakh units during the quarter ended June 2018 from 1.25 lakh units in the quarter ended June 2017.

Total three wheelers doubled from 0.17 lakh units in the quarter ended June 2017 to 0.36 lakh units in the quarter ended June 2018.

About TVS Motor Company

We are a reputed two and three-wheeler manufacturer, and the flagship company of the USD 7 billion TVS Group. We believe in Championing Progress through Mobility. Rooted in our 100-year legacy of Trust, Value, Passion for Customers and Exactness, we take pride in making internationally aspirational products of the highest quality through innovative and sustainable processes. We endeavour to deliver the most superior customer experience at all our touch points across 60 countries. We are the only two-wheeler company to have received the prestigious Deming Prize. Our products lead in their respective categories in the J.D. Power IQS and APEAL surveys for the past four years. We have been ranked No. 1 Company in the J.D. Power Customer Service Satisfaction Survey for consecutive three years. For more information, please visit www.tvsmotor.com.

Regards

Akash