 "TVS Motor rallies post February sales")
TVS Motor Company has rallied 5% to Rs 286 on NSE in early morning trade after reporting 15% year on year growth in total sales at 204,565 units in February 2015, against 177,662 units recorded in the same month last year.
Total two wheeler sales increased by 15% from 170,293 units recorded in February 2014 to 195,509 units in February 2015. Three wheeler sales of the Company registered an increase of 23%, growing from 7,369 units in February 2014 to 9,056 units in February 2015, TVS Motor Company said in a statement.
Scooters sales of the Company grew by 35% increasing from 41,990 units in February 2014 to 56,750 units in February 2015. Motorcycles sales grew by 18% increasing from 62,762 units in the month of February 2014 to 74,292 units in February 2015, it added.
The stock opened at Rs 287 and touched a high of Rs 290 on NSE. A combined 747,033 shares changed hands on the counter in early morning trade on NSE and BSE.
Total two wheeler sales increased by 15% from 170,293 units recorded in February 2014 to 195,509 units in February 2015. Three wheeler sales of the Company registered an increase of 23%, growing from 7,369 units in February 2014 to 9,056 units in February 2015, TVS Motor Company said in a statement.
Scooters sales of the Company grew by 35% increasing from 41,990 units in February 2014 to 56,750 units in February 2015. Motorcycles sales grew by 18% increasing from 62,762 units in the month of February 2014 to 74,292 units in February 2015, it added.
The stock opened at Rs 287 and touched a high of Rs 290 on NSE. A combined 747,033 shares changed hands on the counter in early morning trade on NSE and BSE.