P Vijayaraghavan, Director, TVS Srichakra says Chinese imports are mostly truck and bus tyres while the company supplies tyres to 2-wheeler companies.
Two-wheeler manufacturer TVS Srichakra reported strong Q1 numbers despite increased Chinese imports and this is because the imports are mostly truck and bus tyres, says P Vijayaraghavan, Director, TVS Srichakra.
The company reported nearly three-fold year on year (Y-o-Y) jump in net profit at Rs 48.97 crore for the quarter ended June 2015 (Q1), on account of higher sales and lower interest cost.
The company's net sales increased 11.6 percent at Rs 499 crore in June quarter against Rs 447 crore year-on-year (YoY). The total expenditure grew 3.3 percent at Rs 431 crore on Y-o-Y basis.
Watch video for more.
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .