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TVS Motor nears 52-week high post August sales

The stock up nearly 4% to Rs 340 on the BSE, close to its 52-week high of Rs 341 touched on April 20, 2016 in intra-day trade.

SI Reporter  |  Mumbai 

TVS Motor Company was up nearly 4% to Rs 340 on the BSE in early morning trade after the company reported 20% year on year (YoY) growth in total sales at 274,303 units during the month of August 2016. The two & three-wheeler maker sold 274,303 units in the same month of last year. “Two wheeler sales of the company increased by 23.5% to 267,670 units during the month from 216,781 units recorded in August 2015.

Domestic two wheeler sales grew by 30.1% to 238,984 units in August 2016 from 183,653 units in the same month of last year,” TVS Motor said in a press release. TVS ...

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First Published: Fri, September 02 2016. 09:38 IST