TVS Motor Company surged as much as 2.4% at Rs 445 in intraday trading on Wednesday, posting its second consecutive upmove post release of March month sales data. The company posted a sales growth of 10% in March 2017 with a yoy increase of 23824 units to 256341 units.
Exports increased by 23.6% yoy to 38462 units.
Out of the total the two-wheeler sales increased 10.7% yoy to 250979 units in March 2017 while three wheeler sales dropped to 5362 units as against 5874 units sold in March 2016. Out of the two-wheeler, Scooter and Motorcycles sales grew by 23.5% and 10.3% to 84173 units and 95671 units respectively.
Considering the quarter ended data, two-wheeler sales grew by 3.2% yoy to 6.59 lakh units while three wheeler sales dropped from 0.21 lakh units in Q4FY16 to 0.15 lakh units in Q4FY17.