TVS Motor Company rose 1.31% to Rs 231.90 at 9:46 IST on BSE after the company said its total sales rose 27% to 2.50 lakh units in September 2014 over September 2013.
The sales numbers were announced after market hours on Wednesday, 1 October 2014.
Meanwhile, the S&P BSE Sensex was down 31.68 points or 0.12% at 26,536.31.
On BSE, so far 89,000 shares were traded in the counter as against average daily volume of 4.60 lakh shares in the past two weeks.
The stock hit a high of Rs 234.15 and a low of Rs 231.50 so far during the day.
TVS Motor Company (TVS Motor)'s exports grew by 15% to 31,616 units in September 2014 over September 2013. Two-wheeler exports rose 15% to 24,221 units in September 2014 over September 2013. The company's total two-wheeler sales surged 28% to 2.41 lakh units in September 2014 over September 2013. Domestic two-wheeler sales jumped 29% to 2.17 lakh units in September 2014 over September 2013. Scooter sales jumped 63% to 70,508 units in September 2014 over September 2013. Motorcyle sales rose 18% to 98,052 units in September 2014 over September 2013. Three-wheeler sales rose 18% to 9,167 units in September 2014 over September 2013.
TVS Motor's total sales rose 35% to 6.77 lakh units in Q2 September 2014 over Q2 September 2013. Total two wheeler sales grew by 36% to 6.49 lakh units in Q2 September 2014 over Q2 September 2013. Total three wheeler sales grew by 24% to 0.28 lakh units in Q2 September 2014 over Q2 September 2013.
TVS Motor Company's net profit jumped 39.4% to Rs 72.32 crore on 30.1% growth in net sales to Rs 2263.21 crore in Q1 June 2014 over Q1 June 2013.
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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