TVS posts record turnover of Rs 3928.19 cr, up 19 per cent

Chennai, June 28 (UNI) Recording a 19 per cent growth, leading two-wheeler manufacturer TVS Motors achieved a higher revenue of Rs 3928.19 crore for the year ended March 2007, compared to Rs 3305.96 crore recorded during the previous year.

"This is the highest-ever revenue achieved by the company," company chairman Venu Srinivasan told newspersons here today.

He said during the year ended March 2007, sale of motorcycles was 9,22,936 units compared to 8,05,740 units over the previous period with a growth of 14.5 per cent.

"This growth was in line with the industry rate of 14.3 per cent," he added.

He pointed out that during year ended March 2007, the overall two-wheeler growth of 13.9 per cent by TVS Motor Company was higher than the industry growth of 11.8 per cent.

According to the statistics given by the chairman, the revenue of the company in Q4 ending March 2007 stood at Rs 946.84 crore against Rs 860.62 crore achieved in the corresponding period last year, a growth of about ten per cent.

Exports of the company grew by 29 per cent to 103,013 units from 79,679 in 2006-2007.

During 2006-2007, seven new countries were added to the company's global presence.

The company is currently exporting its products to over 44 countries.

UNI