As a result of increased sales in the motorcycle segment, TVS Motor Company Ltd. recorded a 16% rise in Q3 profits. As compared to last year (net profit of Rs. 133 crores), the net profit for the quarter ending December 31st was Rs. 154 crore (24.15 million dollars).
However, Thomson Reuters reports had suggested an estimated profit of Rs. 168 crore in the last quarter. Even though the estimated target was not met, the sales of two-wheelers witnessed a 13.8% rise with 799,000 units being sold (including exports) in the previous quarter. Out of this, around 314,000 units were motorcycles.
IRDAI Mandates Third-Party Insurance for Battery Operated Rickshaws- By PolicyBazaar -
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- 10014 Views
The Insurance Regulatory and Development Authority of India (IRDAI) has made third-party insurance mandatory for battery operated rickshaws that do not exceed 4,000 watts. The apex insurance body has indicated that e-ric...
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With Rs 60.29 cr in Revenues, Future Generali Net Worth increases by 50% in FY 15- By PolicyBazaar -
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- 4440 Views
The Indo-Italian JV Future Generali India Insurance recorded a 50% boost in its net income, with Rs 60.29 crore profits recorded for the year ending in March 2015, as compared to previous year Rs 39.62 crore. The whoppin...
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Telangana Recognises E-Motor Insurance Policies- By PolicyBazaar -
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- 3647 Views
Telangana Government has given recognition to é-motor insurance policies in the state in collaboration with the Insurance Regulatory and Development Authority of India (IRDAI) and the Insurance Information Bureau of Ind...
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"No Compensation To The Owner If Vehicle Is Lost Due To Negligence"- By PolicyBazaar -
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- 2895 Views
In a judgment issued by the trial court, the owner of a vehicle cannot claim for any compensation if a vehicle is lost or damaged due to the owner’s negligence. Mr. Jamun Pandey filed a suit in a trial court against SB...
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Odd-even Rule in Delhi to Lessen the Risk, Hence the Premiums- By PolicyBazaar -
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- 2733 Views
Motor insurance premiums are expected to go down as vehicles would be less prone to accidents due to the odd-even rule in Delhi. Only half the number of vehicles would ply on the roads on a given day. “The cars would ...
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