TVS Motor cruises smooth

TVS Motor Company is on a roll today, on the back of its very good sales numbers for September. The stock opened higher at Rs.232, hitting an intra day high at Rs.234.15.

The company, for September, reported a 27% (YoY) rise in total sales with exports leading the show with a 15% spurt at 3616 units.

In terms of split of sales, two-wheeler sales rose 28% at 2.4 lakh units, scooter sales rose the most at 63% with 70,508 units. Motorcycle sales rose 18% at 98,052 units and three-wheeler sales was up 18% at 9,167 units.

This company has been conistently reporting a rise in its monthly sales and thus expectations are high of the company ending Q2 on a much better note than even Q1. Sales for current month, given the festive season is also expected to be very good.