Moneycontrol Bureau
Shares of TVS Motor Company climbed 8.2 percent intraday Tuesday on reporting a 15.14 percent growth in sales numbers in February.
The Chennai-based company sold 2,04,565 units in February against 1,77,662 units sold in the same month last year.
Total two-wheeler sales in previous month grew 14.8 percent to 1,95,509 units on yearly basis. "Domestic two-wheeler sales increased 11.47 percent year-on-year to 1,64,508 units in February. Motorcycle sales grew 18.37 percent year-on-year to 74,292 units and scooter sales jumped 35.15 percent to 56,750 units in February 2015," the company said in its filing to the exchange.
The company's total exports were up 35 percent with sales increasing from 28,782 units in February to 38,725 units in same month last year. Two wheeler exports grew 36 percent to 31,001 units during the same period.
Three-wheeler sales in February 2015 climbed 22.89 percent to 9,056 units from 7,369 units in February 2014.
At 11:47 hours IST, the scrip of TVS Motor Company was quoting at Rs 295.20, up Rs 23.25, or 8.55 percent amid high volumes on the Bombay Stock Exchange.
Posted by Sunil Shankar Matkar
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