TVS Motor Company has announced the launch of an executive segment motorcycle by August, even as it reported a jump of 28 per cent in its annual profit after tax.
The company ended 2011-12 with a total revenue of Rs 7,126 crore and an after-tax profit of Rs 249.07 crore, up from Rs 6,288 crore and Rs 194.58 crore, respectively, posted during 2010-11, it said in a statement.
The two- and three-wheeler maker will also launch a new scooter and a motorcycle model during January-March 2013 while upgrading its existing models and log higher growth rate compared to that of the industry.
The company sold just over 2.1 million units in 2011-12 from around two million units sold in the financial year before that.
TVS Motor exports grew by 23 per cent in 2011-12 to around 296,000 units.
The company's board of directors declared a second interim dividend of 70 paise per share in addition to the first interim dividend of 60 paise per share taking the total dividend for the year under review to Rs 1.30 per share.
With IANS inputs