TVS Motor Company has dipped 4% at Rs 37.60 after reporting 21% year-on-year decline in total sales at 1,54,647 units in August 2012.
“Sales of two—wheelers plunged to 150,740 units in August 2012 as against 190,184 units recorded in the same period of last year. The company reported domestic sales of 135,513 units for the month of August 2012 against 163,705 units of August 2011,” TVS Motor said in a statement.
The stock opened at Rs 38.60 and hit a low of Rs 37 on the BSE. A combined 314,028 shares have changed hands on the counter in opening trades on both the exchanges.
