TVS Motor Reports Rs 139.1 Crore Quarterly Loss
2020-07-30    [Source:ETAuto]
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PUdaily, Shangai —— CHENNAI: TVS Motor Company has reported a loss of Rs 139.1 crore for quarter ended June 2020 as against profit after tax of Rs 142.3 crore reported for the quarter ended June 2019.

    "This quarter is not a representative quarter due to Covid- 19 related shut down for major part of the quarter. Both production and sales were severely impacted during the quarter and therefore reflects what an unprecedented situation was," the company said in a statement.

   
TVS Motor Company has said it is seeing a positive uptake in both domestic retails as well as international markets. Several measures taken by the company helped it overcome supply chain disruptions and stabilise operations by end June,” it said

    The company resumed its operations at its factories in Hosur, Mysuru and Nalagarh in a graded manner from the second week of May.

    TVS Motor Company's overall two-wheeler sales including exports was 2.55 lakh units during quarter ended June 2020 as against sales of 8.84 lakh units reported in the quarter ended June 2019.

   
Motorcycles registered sales of 1.19 lakh units in the quarter ended June 2020 as against sales of 4.17 lakh units registered in the quarter ended June 2019. Scooter sales of the Company for the quarter registered sales of 0.82 Lakh units as against sales of 2.95 Lakh units in the quarter ended June 2019.

    The total export of the company registered sales of 0.81 Lakh units during the quarter ended June 2020 as against sales of 2.09 Lakh units in the quarter ended June 2019.

    Total three-wheelers registered sales of 0.12 lakh units in the quarter ended June 2020 as against sales of 0.40 lakh units in the quarter ended June 2019.

    TVS Motor Company reported a revenue of Rs. 1434.3 crore in the first quarter of 2020-21 as against the total revenue of Rs. 4469.8 crore in the quarter ended June 2019.

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