TVS Motor shares up over 4 per cent on smart August sales

MUMBAI: Shares of TVS Motor Company today rose by over 4 per cent after the company reported a 46 per cent increase in total sales in August 2014.

The company's stock gained 4.08 per cent to Rs 201.30 on the BSE. In intra-day, it rose by 4.52 per cent to Rs 202.15 - its 52-week high.

At the NSE, it was up 4.21 per cent to end at Rs 201.60. TVS Motor Company yesterday reported a 46 per cent increase in its total sales at 2,27,482 units in August 2014.

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

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.