During Q3 FY11, TVS Motors reported net sales of Rs16.5bn v/s Rs10.9bn in Q3 FY10. The growth was driven by 41% yoy jump in volumes to 524,102 vehicles. Realizations increased by 7.2% on yoy basis while sequentially the rise in realization was 2%. This was mainly on account of change in product mix towards three wheelers.
CMP:62.55,
Target:67
TCS' UK based subsidiary Diligenta secured a 15-year deal from Scottish Widows insurance company.
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