7 percent revenue growth in quarter 3 reported by TVS company

TVS company who was working strongly and systematically to regain its lost third position is seems to be working out for them. Latest reports says that the Chennai based TVS company has got a impressive 7 percent growth in the third quarter of the financial year.

The company's revenues grew to Rs. 1762 crore in the quarter ended December 2011 from Rs. 1647 crore in the corresponding quarter of the previous financial year, which is surely an impressive and notable improvement.



In the third quarter of the current fiscal, the company reported total two-wheeler sales at 5.19 lakh units, compared with 5.18 lakh units in the corresponding period of the previous year.

Scooter sales grew by 11 percent to 1.38 lakh units in the current quarter from 1.24 lakh units during the corresponding quarter of the previous year, while motorcycles registered sales of 1.93 lakh units in the reporting quarter against 2.11 lakh units in the quarter ended December 2010.