Cost reduction programme plays key role in helping TVS grow EBIDTA

The company increased the price by 0.1% during first quarter and 0.3% in second quarter

T E Narasimhan | Chennai
Last Updated at October 21, 2019 21:05 IST

TVS logo seen on a billboard

Despite falling sales and deep discounts being offered by its competitors, TVS Motor managed to improve its margins by 21 bps year-on-year to 8.8 per cent during the quarter ended September 2019. Apart from higher prices and lower raw material costs, the company's 8-quarter-old cost reduction programmes played a key role in the achievement.

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