TVS Motor tumbles after reporting muted sales in January

TVS Motor Company fell 4.48% to Rs 294.35 at 12:59 IST on BSE after the company reported muted growth in total vehicles sales in January 2015 over January 2014.

The announcement was made during trading hours today, 2 February 2015.

Meanwhile, the BSE Sensex was down 193.34 points, or 0.66%, to 28,989.61.

On BSE, so far 2.79 lakh shares were traded in the counter, compared with an average volume of 4.25 lakh shares in the past one quarter.

The stock hit a high of Rs 308.20 and a low of Rs 293.30 so far during the day. The stock hit a record high of Rs 322.30 on 19 January 2015. The stock hit a 52-week low of Rs 73.70 on 31 January 2014.

The stock had outperformed the market over the past one month till 30 January 2015, rising 15.07% compared with 6.49% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 19.90% as against Sensex's 6.72% rise.

The large-cap company has an equity capital of Rs 47.51 crore. Face value per share is Re 1.

TVS Motor Company said its total vehicles sales rose 1.23% to Rs 1.88 lakh units in January 2015 over January 2014. The company said it witnessed planned production cuts due to annual maintenance and Pongal holidays in its major plants during the month of January 2015.

Total exports fell 13.32% to 25,029 units in January 2015 over January 2014. Two wheeler exports fell 17.95% to 19,232 units in January 2015 over January 2014.

Total two wheeler sales increased 1.08% to 1.81 lakh units in January 2015 over January 2014.

Domestic two wheeler sales grew by 4% to 1.62 lakh units in January 2015 over January 2014.

Scooters sales of the company grew by 24% to 56,032 units in January 2015 over January 2014.

Motorcycles sales grew by 7% to 69,949 units in January 2015 over January 2014.

Three-wheeler sales of the company registered an increase of 5% to 7,082 units in January 2015 over January 2014.

TVS Motor Company's net profit rose 6.7% to Rs 94.81 crore on 34.3% growth in net sales to Rs 2635.46 crore in Q2 September 2014 over Q2 September 2013. The company will unveil Q3 results tomorrow, 3 February 2015.

TVS Motor Company is one of the leading two-wheeler manufacturers in India. With presence in more than 60 countries across the globe, TVS Motor Company is the second largest exporter of two wheelers and three wheelers from India. The company has grown to be a strong brand name in Asia, Latin America and Africa with popular products in the two and three wheeler segments.

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