TVS Motor invests in electric bike maker Ultraviolette Automotive
Posted on 13th August 2018 |
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New Delhi: Electric mobility solutions provider Ultraviolette Automotive on Monday said it has received Rs 6 crore funding from TVS Motor Company. The additional investment as part of Series A round will be deployed for continued product engineering and further expansion of core R&D team and facility, Ultraviolette said in a statement. |
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TVS Motor Q1 profit rises 13.2%
Posted on 8th August 2018 |
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TVS Motor Company has reported a 13.2% growth in its net profit for the quarter ended June 30, 2018 to Rs 146.6 crore as against Rs 129.5 crore in the same quarter last fiscal. However, it missed market expectations as analysts were expecting the profit of around Rs 170 crore. In spite of a strong 14% growth in total two-wheeler sales (including exports) to 8.93 lakh units in the quarter under review as compared to 7.85 lakh units sold in the quarter ended June 2017, |
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TVS Ntorq SXR race-spec scooter: Gets 20 bhp, 120 kmph but you can’t own one, here’s why!
Posted on 26th May 2018 |
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TVS Racing has recently taken the wraps off the race-spec Ntorq 125, better known as TVS Ntorq SXR. Three-time National Championship winner Asif Ali and Shamim Khan will ride this scooter during the fourth round of the Indian National Rally Championship 2018 to be held in Nashik on 25th and 26th May. In terms of visuals, there is not much that differentiates the Ntorq SXR from the stock model, except for the knobby tyres and the race-inspired livery. It is under the skin where the prime changes take place. |
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TVS Motor Q4 profit rises 31%
Posted on 17th May 2018 |
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Buoyed by an impressive 32% growth in volume, TVS Motor has reported a 31% growth in its net profit for the fourth quarter ended March 31, 2018 to Rs 165.61 crore, compared with Rs 126.77 crore reported in the same quarter last fiscal. For the full year, taking advantage of the 18% growth in volume, coupled with better per unit realisation, the profit after tax grew 19% to Rs 662.59 crore as against Rs 558.08 crore in the previous fiscal, a company press release said on Wednesday. PBT during Q4 grew 43.3% to Rs 192.10 crore compared with Rs 134 crore. |
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TVS Motor net profit rises 30.6% in Jan-Mar quarter to Rs 1.65 billion
Posted on 16th May 2018 |
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TVS Motor Company profit grew 30.6 per cent to Rs 1.65 billion in the January-March quarter of 2017-18 from Rs 1.26 billion in the same quarter of 2016-17. The company has reported a growth of 40.4% with total revenue excluding Excise Duty / GST going up from Rs 284.4 billion in the fourth quarter of 2016-17 to Rs 399.2 billion in the same quarter of 2017-18. |
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Transport Ministry nod for 100% bio-ethanol vehicles by Bajaj, TVS
Posted on 5th May 2018 |
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Union Minister Nitin Gadkari today said his ministry has accorded permission to auto makers Bajaj and TVS for making vehicles that run using 100 per cent bio-ethanol made out of rice and wheat straw. "I told the managements of Bajaj and TVS to make ethanol based bike and auto rickshaws. |
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TVS Apache RR 310 beats KTM 390 twins in sales despite price hike: What makes it so successful
Posted on 19th April 2018 |
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The TVS Apache RR 310 has outsold its closest rival KTM RC 390 in the month of March 2018. In fact, the bike has beaten the combined sales of KTM RC 390 and 390 Duke during the said period. According to the sales data issued by the Society of Indian Automobile Manufacturers (SIAM), the TVS Apache RR 310 found 983 new homes in the month of March 2018. On the other hand, 716 units of the KTM RC 390 and 390 Duke were sold combined during the same month. |
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TVS Motor gets patent for charging system for EVs
Posted on 29th March 2018 |
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In a boost to its push for future technology products, the country’s patent office has granted a patent to Chennai-based two-wheeler major TVS Motor for its invention related to a charging system for electric vehicles (EVs). The Chennai patent office granted the patent on Tuesday, for a charging system which the company claims was more of a safety mechanism to prevent the vehicle from being started while plugged-in for charging. |
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TVS Motor expects to close fiscal with 25% rise in Apache motorbike sales
Posted on 14th March 2018 |
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Two-wheeler major TVS Motor expects sales of its Apache series of motorcycles to hit 500,000 units at the end of this fiscal. This would translate into a 25 per cent growth in volume sales over the previous year. The company launched its new Apache RTR 160 4v on Wednesday. "This (premium motorcycle) industry is growing very fast. We are estimating to sell 500,000 units in the Apache series, which is a growth of around 25 per cent," said K N Radhakrishnan, president and chief executive officer, TVS Motor Company. |
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