
Chairman’s Letter
Dear Shareholder
The skill and focus with which he dealt with numbers; his ability to see things from 40,000 feet and instantaneously descend to an ant’s-eye view of things; his unflinching commitment to ethics and integrity; his innate understanding of various businesses; his courage and fearlessness and the conviction to call a spade a spade; his innate understanding of when to be a tough negotiator and when to cut slack, all done with a smile, humour and logic; his quest for details;
Key Figures
₹ 32136 Crore
Net sales
₹ 6505 Crore
Profit before tax (PBT)

10134 Team
Employees
2506626 Units
International Business (Exports)

3828669 Units
Total Motorcycles sales
471453 Units
Total Three-Wheeler sales
Performance at a glance
Annual Report at a glance
Management Discussion & Analysis
2021-22 (FY2022) continued to be dominated by Covid. In India, the second wave proved far more deadly than the first.
General Shareholder Information
15th Annual General Meeting will be held on 26 July 2022 at 2.00 p.m.
Standalone Financial Statements
The standalone financial statements of the Company are elaborated here
Consolidated Financial Statements
The consolidated financial statements of the Company are elaborated here