CathyCrane - China Automobile Expert-CNAUTO

It’s Eastern time. TVS Srichakra shares his business outlook with Director P Vijayaraghavan. Refinement. ET Now: What led to your sharp rise in profits this quarter? P Vijayaraghavan: It is the result of good work. On the OEM side, the market has been good. Automakers continue to perform well. The growth in the first half of the current financial year is about 18%. According to OEMs, TVS tires are performing quite well. We continue to expand the aftermarket. Overall growth is good, although exports from some European countries are underperforming. Market conditions are helping us. During the quarter, we performed very well on material costs. Power and fuel costs have also come down and interest costs have also come down. This helped the company achieve significant growth in revenue and overall performance. ET Now: What are your sales and profit targets for the next three to four quarters? P Vijayaraghavan: That’s a good question. So far, we can see that ...

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Expect two-wheelers to continue doing well: P Vijayaraghavan, TVS Srichakra