TVS Group eyes 10-15% revenue growth in FY17

In recent years, logistics has been one of the major growth drivers for the group

The $6.5-billion TVS Group expects to close the current financial year (FY17) with 10-15% growth in revenue at group level. The Group comprises 50-odd companies including TVS Motor.

According to Suresh Krishna, chairman of TVS & Sons, the holding company of TVS Group, the pains from demonetisation have subsided and things will start improving now.
 

He, however, conceded that December was a tough month especially for second-hand car and two-wheeler businesses, which are mostly done through cash transaction.
 

“The cyclone (demonetisation effect) is still lingering, but there is only drizzling now and no strong winds.

In two or three months, everything will