TVS Motors revvs up

TVS Motors is a big gainer currently. The stock is up currently 6% at Rs.39, closer to its intra day high of Rs.40.30. Volumes are huge, up from 1.5 lakh shares to over 24 lakh shares traded today alone.

The stock is up in the green after it announced very good sales numbers for September. The company reported a 16% growth in sales during the month of September at 197,409 units compared to 170,097 units registered in September 2012. Total two wheeler sales grew by 15%, with sales increasing from 165,092 units in September 2012 to 189,609 units in September 2013. Domestic sales recorded a growth of 13%, with sales increasing from 149,191 units in September 2012 to 168,598 units in September 2013.

Motorcycles grew by 30%, increasing from 63,832 units in September 2012 to 83,043 units in September 2013. Scooters registered a growth of 8% increasing from 40,055 units in September 2012 to 43,201 units in the current month. Its  total exports grew by 47%, where two wheeler exports registered a  growth of 32%. Three wheelers sales rose by 56% from 5,005 units in September 2012 to 7,800 units in September 2013.