TVS Motor dips 6% on single-digit sales growth in December

The stock dipped 6% to Rs 531, after the company reported 6% year-on-year growth in sales in December 2018, its lowest since October 2017.

Shares of TVS Motor Company dipped 6 per cent to Rs 531 on the BSE after the two and three- wheeler company reported a single- digit 6% year-on-year growth in sales in December 2018. The growth was lowest since October 2017.

The company registered 4 per cent growth in two-wheeler sales during December 2018 at 258,709 units as compared with 247,591 units, a year ago. Domestic two-wheeler sales registered a growth of 1 per cent from 207,739 units in December 2017 to 209,906 units in December 2018.

During the third quarter of the current financial year, two-wheeler sales