TVS Motor net up 20% at Rs 213 crore

Firm plans to invest around Rs 600 cr on capex, R&D

TVS Motor Company posted a 20.2 per cent rise in net profit at Rs 213.16 crore for the quarter ended September 30, compared to Rs 177.39 crore in the year-ago period. 

Revenue rose to Rs 4,097.99 crore, against Rs 3,465.69 crore in the corresponding period a year earlier.

The company is also planning to invest around Rs 600 crore to expand its manufacturing capacity and investment in research and development (R&D). TVS Motor's Advisor S G Murali and the new chief financial officer K Gopala Desikan said that capacity will be increased to 4.5 million units from 3.5 million units per annum.