(Bloomberg) -- TVS Motor Co., India's third-largest
motorcycle maker, expects profit to rise for the first time in
four years as it introduces new domestic models and expands to
Indonesia.
The company will start selling new variants of the Victor
and Apache motorcycles in India, TVS Chairman Venu Srinivasan
said in an interview in Jakarta yesterday. Profit at the company
fell 43 percent to 666 million rupees ($16.5 million) for the
year ended March 31 after TVS cut prices and cost of raw
materials such as steel and aluminum rose.
Read more at Bloomberg Emerging Markets News
motorcycle maker, expects profit to rise for the first time in
four years as it introduces new domestic models and expands to
Indonesia.
The company will start selling new variants of the Victor
and Apache motorcycles in India, TVS Chairman Venu Srinivasan
said in an interview in Jakarta yesterday. Profit at the company
fell 43 percent to 666 million rupees ($16.5 million) for the
year ended March 31 after TVS cut prices and cost of raw
materials such as steel and aluminum rose.
Read more at Bloomberg Emerging Markets News
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