TVS Motors jumps to new 52-week high on robust monthly sales numbers growth

Motorcycle sales registered a growth of 11% with sales increasing from 1,53,047 units in August 2023 to 1,70,486 units in August 2024. Scooter registered a growth of 15% with sales increasing from 1,42,502 units in August 2023 to 1,63,629 units in August 2024.

Electric Vehicle sales registered a growth of 4% with sales increasing from 23,887 units in August 2023 to 24,779 units in August 2024. The company's total exports sales registered a growth of 14% with sales increasing from 87,515 units in August 2023 to 99,976 units in August 2024. Two-wheeler exports registered a growth of 19% with sales increasing from 75,491 units in August 2023 to 89,768 units in August 2024. Three-wheeler sales registered sales of 12,747 units in August 2024 as against 13,738 units in August 2023.

TVS Motor Company is a reputed two- and three-wheeler manufacturer. Its strength lies in its extensive research and development, which results in products that are industry-leading in terms of innovation.

Shares of TVS Motors jumped nearly 1.5% on the NSE on Monday following the robust sales numbers for the month of August. However, later closed to 0.8% lower at ₹2,790 apiece on the NSE.