 "TVS Motor touches new high on robust August sales")
TVS Motor Company is trading higher by 3% at Rs 200 on National Stock Exchange after reporting a robust 46% year-on-year (yoy) growth in total sales in the month of August 2014 to 227,482 units. The company had sold 155,532 units in the same month last year.
Total two wheeler sales increased by 47% from 148,469 units recorded in August 2013 to 217,662 units in August 2014, TVS Motor said in a statement.
Scooter sales rose by 84% to 67,240 units in August 2014 from 36,478 units in August 2013. Motorcycle sales grew by 36% to 83,332 units in August 2014 from 61,313 units in the month of August 2013, it added.
The stock opened at Rs 197 and touched a new high of Rs 202 on NSE. A combined 2.3 million shares changed hands on the counter so far on NSE and BSE.
Total two wheeler sales increased by 47% from 148,469 units recorded in August 2013 to 217,662 units in August 2014, TVS Motor said in a statement.
Scooter sales rose by 84% to 67,240 units in August 2014 from 36,478 units in August 2013. Motorcycle sales grew by 36% to 83,332 units in August 2014 from 61,313 units in the month of August 2013, it added.
The stock opened at Rs 197 and touched a new high of Rs 202 on NSE. A combined 2.3 million shares changed hands on the counter so far on NSE and BSE.