TVS Motor Company rose 2.69% to Rs 198.60 at 10:33 IST on BSE after the company said its total sales jumped 46% to 2.27 lakh units in August 2014 over August 2013.
The sales numbers were announced after market hours on Monday, 1 September 2014.
Meanwhile, the S&P BSE Sensex was up 70.84 points or 0.26% at 26,938.39.
On BSE, so far 3.57 lakh shares were traded in the counter as against average daily volume of 4.48 lakh shares in the past two weeks.
The stock hit a high of Rs 201.80 so far during the day, which is a record high for the counter. The stock hit a low of Rs 196.90 so far during the day.
TVS Motor Company (TVS Motor)'s total exports jumped 28% to 35,074 units in August 2014 over August 2013.
Total two wheeler sales increased by 47% to 2.17 lakh units in August 2014 over August 2013. Domestic two wheeler sales grew 50% to 1.90 lakh units in August 2014 over August 2013. Two wheeler exports rose 27% to 27,115 units in August 2014 over August 2013.
Scooters sales rose 84% to 67,240 units in August 2014 over August 2013. Motorcycles sales rose 36% to 83,332 units in August 2014 over August 2013.
Three wheeler sales rose 39% to 9,820 units in August 2014 over August 2013.
TVS Motor Company's net profit jumped 39.4% to Rs 72.32 crore on 30.1% growth in net sales to Rs 2263.21 crore in Q1 June 2014 over Q1 June 2013.
TVS Motor Company is one of the leading two-wheeler manufacturers in India. With presence in more than 60 countries across the globe, TVS Motor Company is the second largest exporter of two wheelers and three wheelers from India. The company has grown to be a strong brand name in Asia, Latin America and Africa with popular products in the two and three wheeler segments.
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