TVS Motor Company shares jumped 4% high intraday on Monday after a company reported a 0.75% growth in sales for May 2019 (Month-on-month). The company has sold 3,07,106 units in May 2019 against 3,04,795 units last month, however, the sales declined 0.9% year-on-year.

TVS Motor Company said scooter sales grew 2% YoY to 9,202 units in the previous month (May) and motorcycle sales 13% year-on-year to 1,42,787 units.

The overall exports rallied 11% & three-wheeler sales hiked 9% YoY during the month.

The price of a share was quoting INR 499.90 up INR 20.60 or 4.30% on NSE, on June 3, 2019, 03:58 PM.

About TVS Motor Company:

Headquartered at Chennai, TVS Motor Company is India’s 3rd largest motorcycle company with revenue over 20,000 crores in 2018-19. The annual capacity of manufacturing is more than 4 million units and the annual sales of 3 million units.