TVS Motors
TVS Motor Company Ltd, the flagship company of the TVS Group is the third largest two wheeler manufacturer in India. TVS manufactures a wide range of two-wheelers from mopeds to racing inspired motorcycles and has recently forayed in the three wheeler segment. TVS has manufacturing plants at Hosur in Tamilnadu, Mysore in Karnataka and Solan in Himachal Pradesh. It has a total capacity of 3 mn two wheelers and 90,000 three wheelers. TVS is gradually establishing its presence in the export markets and currently exports to over 50 countries, and even has a manufacturing capacity in Indonesia through its wholly owned subsidiary, PT. TVS Motor Co, Indonesia. TVS has also ventured into other businesses like Auto components, Wind energy and Housing through its subsidiaries.
TVS is expected to clock a volume growth of 18.1% CAGR over FY11-13 and reach 28.5 lakh units from the current levels of 20.4 lakh units leading to an overall revenue growth of 22.2% CAGR to ` 9,229 crore.
TVS Motors’s revenue mix is well diversified across motor cycles (45%), scooters & mopeds (41%) and three wheelers (5%). In the main stay segment – scooters, the company enjoys a 22% market share and is the second largest player after Honda Motors and Scooters Ltd (HMSL).
TVS has become the sole market player in the moped segment
TVS Motors standalone debt equity ratio of 0.80:1 is in sharp contrast to that of its peers which are debt free
Financial Outlook
Aided by higher volumes, and improved portfolio mix we expect revenues to grow at a CAGR of 22.2% to ` 9229.0 crore by FY13 from ` 6179.5 crore posted in FY11
Related posts: