Two-wheeler major TVS Motor has earned patent related to a power propulsion system for a hybrid two-wheeler.

The application was filed on 2008 with the Chennai Patent Office making claims related to a power propulsion system for a hybrid two-wheeler provided with a hub motor.

Two- and three-wheeler maker TVS Motor Company closed FY 2016-17 with a total revenue of Rs 13,363.43 crore and net profit of Rs 558.08 crore, the company said.

In a statement issued here, TVS Motor said it earned a revenue of Rs 13,363.43 crore last fiscal, up from Rs 12,194.77 crore posted during the previous year.

TVS Apache RTR 160, Star City Plus and Sport have emerged victorious in different categories in a recent study conducted by JD Power, which annually ranks two-wheelers in terms of best-in-class quality and best-in-class customer APEAL through a detailed survey with over 9,000 customers. This study is the third survey of this dimension in India and globally it is the indicator of customer satisfaction.

TVS Motor, the two-wheeler major, said it would close this financial year, 2016-17 (ending this month), with a 14.3 per cent market share, close to its target of 15 per cent.

Also, that it would launch a new motorcycle and scooter brand, and that it had plans to invest Rs 350 crore in the coming financial year.

Two-wheeler auto-major TVS Motor said it would close financial year 2017 with a 14.3 per cent market share, close to its target of 15 per cent. The company also said it would be launching one new bike and scooter and that it had plans to invest Rs 350 crore in financial year 2018.

K N Radhakrishnan, CEO, TVS Motor, said that during the third quarter, the company's market share was 15 per cent. But from November to February, due to demonetisation, poor monsoon and other factors, the industry slowed down and so did the company's growth.

TVS Motor has bagged a patent for its antilock brake system (ABS) for motorcycles. The new system helps to overcome the problems, defects and drawbacks encountered in the previous models. The company is currently using the ABS technology in its high-end motorcycle TVS Apache, in collaboration with German component manufacturer Continental Corporation.

The company says that the presence of ABS in a motorcycle prevents locking of the front and rear wheels by automatically regulating the braking force acting on the front and rear wheels at the time of braking operation.

TVS Motor has launched its BS-IV compliant TVS Jupiter and added two new colours — Jade Green and Mystic Gold.

The refreshed scooter is now BS IV compliant, with Auto Headlamp On (AHO) and equipped with Sync Braking System (SBS), the feature, previously available on ZX range will now be available on the Base variant as well.

TVS Motor Company has moved higher by 5.5% to Rs 402 on the National Stock Exchange (NSE), after the company reported a better than expected 10% year on year (YoY) growth in net profit at Rs 133 crore for the quarter ended December (Q3FY17).

Revenues from operations grew by 3% YoY to Rs 3,240 in Q3FY17 as against Rs 3,151 crore recorded in the quarter ended December 2015. EBITDA (earnings before interest, tax, depreciation and amortization) margin remained unchanged at 6.7% during the quarter.

Giving a major fillip to its innovation-packed product line-up, Chennai-based auto major TVS Motor Co has been granted an Indian patent for automatic hybrid transmission (AHT) system for two-wheelers. The invention for which exclusivity has now been provided by Chennai patent office is related to a system involving a combination of a fixed speed transmission mechanism (FSTM) and a continuously variable transmission mechanism (CVTM).

TVS Motor has reported a 33.4 per cent growth in profit during the quarter ended September 2016 at Rs 177.39 crore, as against Rs 132.96 crore in the corresponding period last year.

The company has reported a revenue growth of 20.6 per cent for the quarter ended September 2016. Total revenue grew to Rs 3,726.31 crore in the quarter ended September 2016, as against Rs 3,089.42 crore recorded in the quarter ended September 2015.

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