TVS Motor Company rallies over 6% on July sales numbers

NEW DELHI: TVS Motor Company Ltd rallied as much as 6.6 per cent in trade on Monday, after the Chennai-based company reported a 32.15 per cent increase in its total sales at 2,03,092 units in July 2014.

The company had sold 1,53,676 units in the same month last year, TVS Motor Company said in a statement.

At 09:45 a.m.; TVS Motor Company was trading 3.9 per cent higher at Rs 158.50. It hit a low of Rs 157 and a high of Rs 162.55 in trade today.

Total two-wheeler sales increased by 32 per cent to 1,94,128 units in July 2014 as against 1,46,671 units in the same month a year ago.

Domestic two-wheeler sales stood at 1,64,571 units last month, up 30 per cent, from 1,26,531 units in the year-ago period, it added.