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TVS Motor Q4 net jumps fourfold on higher sales

TVS Motor Q4 net jumps fourfold on higher sales
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It sells 1 lakh units overseas in March
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It sells 1 lakh units overseas in March
TVS Motor Company Ltd. reported standalone net profit for the quarter ended March jumped almost fourfold to ₹289 crore, helped by higher sales volume.
Revenue from operations grew 53% to ₹5,322 crore.
Two-wheeler sales grew 41% in the domestic market and by 74% in the international market, surpassing the industry growth of 24% and 33% respectively, TVS Motor said in a statement on Tuesday.
During March, the company said it achieved a new milestone by selling more than 1 lakh units in the international market. ....

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Indonesia $10 Billion Two Wheeler Market, Competition, Forecast & Opportunities, 2020-2025 - Press Release

Indonesia $10 Billion Two Wheeler Market, Competition, Forecast & Opportunities, 2020-2025
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The Indonesian Two Wheeler Market is anticipated to surpass $ 10 billion by 2025, owing to the increasing demand for economical transportation.
In volume terms, the Indonesian Two Wheeler Market stood at around 6.49 million units in 2019, making it the third largest two wheeler market in the world after India and China. Increase in disposable income, rising demand for cheaper personal transportation, coupled with increasing female riders, improving road infrastructure and growing popularity of credit & loan facilities are the key factors responsible for growth of the two wheelers market in Indonesia.
The Indonesian Two Wheeler Market is classified based on vehicle type, by engine capacity and by region. In terms of vehicle type segmentation, the market is classified into scooters, motorcycles and mopeds. Scooters accounted for the larges ....

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