Reuters
TVS Motor Co Ltd reported a near-50% jump in quarterly profit on Thursday, as people bought more of its scooters and electric two-wheelers even after Indian manufacturers raised product prices. Corporate India ranging from Maggi instant noodles-maker Nestle India and two wheeler-seller Bajaj Auto raised product prices in recent quarters as costs shot up in the aftermath of the Russia-Ukraine war. Commodity prices are coming off their highs, but several companies, including Dove soap-maker Hindustan Unilever , have signalled more price hikes although the degree would ease from here.