<p>TVS Scooty Pep+ is the flagship scooter of the two-wheeler manufacturer, while the TVS Apache motorcycle has won many awards since it was introduced in the above-150cc segment.<br /><br />"We have planned to refresh two-wheelers. One will be the TVS Apache and the other the Scooty (segment)...," TVS Motor Company Vice-President (Marketing) H Goindi said.<br />The reason for launching the upgraded variants was the success of the existing models, which have been selling like hot cakes in the Indian market, he said.<br /><br />"I can say they will be refreshing... For Apache, it will have the same name and the body," he said, but declined to give further details.<br /><br />Riding on strong sales growth, TVS Motor Co today reported an over two-fold jump in profit after tax to Rs 55.75 crore for the quarter ended December 31, 2010.<br />TVS Motor's profit after tax in the corresponding quarter of the previous year was Rs 23.54 crore, the company said in a statement.<br /><br />During the third quarter this fiscal, sales revenue grew by 51.23 per cent to Rs 1,647 crore from Rs 1,089 crore in the same period last fiscal.<br /><br />Referring to the results, TVS Motor Company President and CEO K G Radhakrishnan said all the company's products are doing well and they aim to clock this "kind of growth" in coming quarters as well.<br /><br />"All the products are doing well. Some are very good in some markets, some are good in the other markets. Definitely, we have seen a big change in terms of growth," he said.<br />He replied in the affirmative when asked whether prices might be revised, saying, "In addition to some marginal price increases, we are also looking to focus aggressively on cost reduction."<br /><br />TVS Motor Company Executive Vice-President (Finance) S G Murali said the company was effecting price revisions every quarter, based on commodity rate trends.<br /><br />"We are closely watching the position of the commodities. We feel (commodity) price will soften in the second half of next year," he said.<br /><br />The company said its board has approved a 50 per cent interim dividend for the financial year ending March 31, 2011, translating into 0.50 paise per share of Re 1 face value each. This will translate into a total dividend payment of Rs 27.70 crore on 47.5 crore equity shares, including dividend distribution tax, it said.</p>
<p>TVS Scooty Pep+ is the flagship scooter of the two-wheeler manufacturer, while the TVS Apache motorcycle has won many awards since it was introduced in the above-150cc segment.<br /><br />"We have planned to refresh two-wheelers. One will be the TVS Apache and the other the Scooty (segment)...," TVS Motor Company Vice-President (Marketing) H Goindi said.<br />The reason for launching the upgraded variants was the success of the existing models, which have been selling like hot cakes in the Indian market, he said.<br /><br />"I can say they will be refreshing... For Apache, it will have the same name and the body," he said, but declined to give further details.<br /><br />Riding on strong sales growth, TVS Motor Co today reported an over two-fold jump in profit after tax to Rs 55.75 crore for the quarter ended December 31, 2010.<br />TVS Motor's profit after tax in the corresponding quarter of the previous year was Rs 23.54 crore, the company said in a statement.<br /><br />During the third quarter this fiscal, sales revenue grew by 51.23 per cent to Rs 1,647 crore from Rs 1,089 crore in the same period last fiscal.<br /><br />Referring to the results, TVS Motor Company President and CEO K G Radhakrishnan said all the company's products are doing well and they aim to clock this "kind of growth" in coming quarters as well.<br /><br />"All the products are doing well. Some are very good in some markets, some are good in the other markets. Definitely, we have seen a big change in terms of growth," he said.<br />He replied in the affirmative when asked whether prices might be revised, saying, "In addition to some marginal price increases, we are also looking to focus aggressively on cost reduction."<br /><br />TVS Motor Company Executive Vice-President (Finance) S G Murali said the company was effecting price revisions every quarter, based on commodity rate trends.<br /><br />"We are closely watching the position of the commodities. We feel (commodity) price will soften in the second half of next year," he said.<br /><br />The company said its board has approved a 50 per cent interim dividend for the financial year ending March 31, 2011, translating into 0.50 paise per share of Re 1 face value each. This will translate into a total dividend payment of Rs 27.70 crore on 47.5 crore equity shares, including dividend distribution tax, it said.</p>