TVS Motor rallies over 4%, hits 52-week high on August sale numbers

NEW DELHI: TVS Motor Company Ltd rallied as much as 4.3 per cent in trade on Tuesday to hit its fresh 52-week high of Rs 201.80, after the company reported a 47 per cent growth in two-wheelers in the month of August 2014 to 217,662 units from 148,469 units recorded in August 2013.

The Chennai-based company had sold 1,55,532 units in the same month last year, TVS Motor Company said in a statement.

At 10:30 AM; TVS Motor Company Ltd was trading 2.7 per cent higher at Rs 198.65. It hit a low of Rs 196.90 and a 52-week high of Rs 201.80 in trade today.

Total two-wheeler sales increased by 47 per cent to 2,17,662 units in August 2014 as against 1,48,469 units in the same month a year ago.

Domestic two-wheeler sales stood at 1,90,547 units last month, up 50 per cent, from 1,27,095 units in the year-ago period, it added.

Scooters sales during the month grew by 84 per cent to 67,240 units in August 2014 as against 36,478 units in the corresponding month last year, said a PTI report.