TVS Motor gains on strong export growth in January

After the company reported 39% export growth in January compared to January 2013

Shares of TVS Motor Company were up nearly 3% at Rs 80 after the company reported strong export growth in January.

TVS Motor Company's total exports surged 39% to 28,875 units in January 2014 over January 2013. Two wheeler exports registered a growth of 35% to 23,438 units in January 2014 over January 2013.

Total two wheeler sales increased 5% to 179,576 units in January 2014 over January 2013. Domestic two wheeler sales accounted for 156,138 units in January 2014 as against 154,107 units registered in January 2013.

Scooters sales grew 19% to 45,198 units in January 2014 over January 2013. Motorcycles sales grew marginally increasing from 64,555 units in January 2013 to 65,449 units in January 2014.

Three wheeler sales surged 52% to 6,737 units in January 2014 over January 2013.