TVS Motor Company reported a total revenue of Rs. 16,455.4 Crores for the year ended March 2020 as against Rs. 18,217.5 Crores reported in the year ended March 2019. Along with this, the company successfully transitioned to BS-VI and through sustainable cost reduction improved operating EBITDA margins from 7.9% to 8.3% before accounting for one time costs. These one time costs are Rs. 22 Crores for dealer discounts to transition to BS-VI and Rs. 32 Crores for COVID-19 relief works. TVS Motor Company started the transition from BS-IV to BS-VI…
Read MoreTVS Motor Company Operating EBITDA Improves to 8.3% for FY 2019-20
