TVS Motor Company recorded 23 percent growth in sales in June 2014, with total primary sales increasing from 164,128 units in June 2013 to 202,177 units in June 2014.
Two-wheeler maker TVS Motor Company shares saw further buying on Thursday, hitting a record high of Rs 174.50 after reporting strong sales data for the month of June. The stock gained as much as 3.9 percent intraday.
"The company recorded 23 percent growth in sales in June 2014, with total primary sales increasing from 164,128 units in June 2013 to 202,177 units in June 2014," it said in a filing to the exchange.
Total exports grew 24 percent to 32,290 units year-on-year while two wheeler exports registered a growth of 26 percent with sales rising from 20,020 units to 25,237 units on yearly basis.
Two wheeler sales of the company jumped by 23 percent from 157,351 units in June 2013 to 193,758 units in June 2014 while three wheeler sales grew 24 percent to 8,419 units during the same period.
For the quarter ended June 2014 (Q1), TVS Motor posted 23 percent growth with total sales of 584,440 units against 475,362 units recorded in the corresponding quarter of previous year.
The stock climbed 1.88 percent to close at Rs 171.10 on the National Stock Exchange.
Posted by Sunil Shankar Matkar
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