 "TVS Motor")
India's TVS Motor reported a bigger-than-expected rise in third-quarter profit on Tuesday, as the two-wheeler maker passed on the increase in expenses to its customers. Corporate India raised prices of everything from toothpaste to scooters in recent quarters as costs shot up due to the Russia-Ukraine war.
TVS' profit climbed nearly 22 per cent to Rs 353 crore ($43.25 million) for the quarter ended Dec. 31, with analysts attributing a bulk of it to price increases. Analysts had expected a profit of Rs 343 crore, according to Refinitiv data.
The Tamil Nadu-based company, which makes the popular Apache bikes and Jupiter
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