Total income of the company declined to Rs 4,779.32 crore for the third quarter as compared with Rs 5,123.50 crore in the year-ago period, TVS Motor Company said in a regulatory filing
The growth in the segment comes despite the entire 2W sales declined by 15.80 per cent
At the operating level, analysts see a dip in margin due to higher discounts and adverse working capital owing to weak demand
Maruti Suzuki India posted 36.14% decline in its August sales at 93,173 units
Total two-wheeler sales declined 13.7% to 2,65,679 units in July from 3,07,856 units in the corresponding period last year
A strong comeback in the demand for motorcycles has a direct positive impact on the fortunes of two leading listed two-wheeler makers: Hero MotoCorp and Bajaj Auto