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TVS Motor's Sales Jump 47% in June; Shares Up 4%

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TVS Motor's (NSE:TVSMOTOR, BOM:532343) total sales jumped 47% to 590,003 units in June from 402,001 units a year ago, according to a Thursday filing with the Indian stock exchanges.

Two-wheeler sales also soared 47% year-on-year to 565,417 units, while three-wheeler sales climbed 51% to 24,586 units. Electric vehicle sales more than tripled to 48,537 units from 14,400 units a year ago.

For the fiscal first quarter ended June 30, the company registered its highest ever sales of 1.6 million units.

Shares of the company jumped nearly 4% in recent trade.

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