TVS Motor reported record Q2 sales of 1.9 million units and PAT of INR 1,377 crores, up 52%. Its board approved demerging consumer finance and related businesses into a separately listed company, subject to approvals.

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Q2, when we look at the 2-wheeler demand, domestic ICE grew by 16% compared to last year and against an industry growth of 10%. The sales volume grew from 1.5 million units to 1.9 million units, 27% growth. Profit after tax grew from INR 904 crores to INR 1,377 crores, again, 52% growth. The Board of Directors of TVS Motor today have approved a scheme of demerger of the consumer finance and the related business undertaking from TVS Motor. what is being demerged is the financial this undertaking, consumer business-related undertaking, which includes the investment in TVS Credit Services and a few other non-core investments of TVS Motor is getting demerged into a separate company And both companies will be listed in the same stock exchanges where TVS Motor is now listed today. So the scheme is subject to requisite statutory, regulatory shareholder and other approvals as applicable. Open the document at this passage

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