TVS Motor Co today announced its numbers for the second quarter of the ongoing fiscal year and they reflect the strong market performance of the Chennai-based two- and three-wheeler manufacturer.

While operating revenue grew by 28% to Rs 7,219 crore for July-September 2022 (Q2 FY2022: Rs 5,619 crore), operating rose by 31% to Rs 737 crore (Q2 FY2022: Rs 563 crore). EBITDA margin for the quarter is 10.2% as against 10% a year-ago. Profit Before Tax jumped by 46% to Rs 549 crore (Q2 FY2022: Rs 377 crore). Net profit was Rs 407.47 crore, up 27% (Q2: Rs 320.54 crore).

Two- and three-wheeler sales up 12%
In Q2 FY2023, TVS sold a total of 10.27 lakh two- and three-wheelers, up 12% (Q2 FY2022: 917,000). While motorcycle sales increased by 9% to 477,000 units in the quarter ended September 2022 (Q2 FY2022: 439,000), scooter sales grew by 44% to 383,000 (Q2 FY2022: 266,000). Scooter sales include 15,645 units of the iQube electric scooter, a 700% increase (Q2 FY22: 1,955 units). Two-wheeler exports at 252,000 units were down 6.66% (Q2 FY2022: 270,000 units). Three-wheeler sales grew by 7% to 51,000 units (Q2 FY2022: 47,000 units)  

During Q2 FY2023, TVS launched the 225cc Ronin, Apache RTR 160 and the RTR 180 motorcycles and the updated iQube e-scooter with 140km range.

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