Apache maker TVS Motor rides EV surge to record quarterly sales

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TVS Motor Company achieved its highest quarterly sales in the September quarter, largely due to electric vehicle demand. The company’s electric two-wheeler sales rose by 133% to 1.86 lakh units. Overall two- and three-wheeler sales increased by 27%, totaling 1.9 million units. Revenue surged 44% to a record Rs 17,103 crore, while profit after tax grew by 52%.