TVS Motor

Maruti Suzuki sold 241,421 units with domestic dispatches at an all-time high of 200,123, Hyundai posted its highest-ever 75,360, Tata's passenger vehicles rose about 58 percent and Mahindra sold 103,860. Two-wheelers ran with it, TVS at 629,675 against 456,350 and Bajaj at 474,677 against 366,000. Hero was the one miss at 533,416 against an estimate of 555,050, so the volume is broad but not uniform.

Revenue rose to 13,900 crore rupees from 10,100 crore, a gain of about 38 percent. EBITDA margin held at 12.8 percent through that expansion.

Africa already contributes about a quarter of TVS export volumes, and the deal widens its two and three wheeler reach across the continent.

The HLX series now spans more than 57 countries.