TVS Motor Company jumped 3.89% to Rs 618.20 after the company's total auto sales grew by 18% registering 297,747 units in February 2021 as against 253,261 units in the month of February 2020.
While total two-wheeler sales grew by 21% recording 284,581 units, three-wheeler sales declined by 24% to 13,166 units in February 2021 over February 2020.
The company's total exports grew by 23% registering 101,789 units in the month of February 2021 as against 82,877 units in February 2020. "The demand in export market continues to be robust, but scarcity in container availability is affecting overall export volumes," the company said.
TVS Motor Company, part of the TVS Group, is a two and three-wheeler manufacturer. The company's standalone net profit surged 119.4% to Rs 265.62 crore on 30.7% rise in net sales to Rs Rs 5391.39 crore in Q3 FY21 over Q3 FY20.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU