TVS Motor Company share price traded positive on Thursday, off from the day's high as the auto major launched the all-new 2022 TVS Apache RTR 180 and TVS Apache RTR 160 motorcycles.

Designed as "The All-New Racer’s Choice", the new 2022 TVS Apache RTR 160 and 2022 TVS Apache RTR 180, are updated with striking style elements and new attractive graphics that are in line with its racing DNA, TVS Motor said in an exchange filing. The two motorcycles also get segment-leading features like an all-new LED headlamp, offering superior range and light penetration, and an all-new, LED tail lamp, it added.

TVS Motor stock price was quoting at Rs 1,057.85, up 1.50 percent on BSE at 10.12 am. The TVS Group auto stock opened slightly higher at Rs 1,041.55 from its previous close of Rs 1,04.50 and hit the day's high at Rs 1,062, close to its 52-week high price of Rs 1,062.40.

TVS Motor sells primarily a range of motorcycles (Apache series) and scooters (Jupiter), including an electric scooter (iQube) among its product line-up.

The auto major registered a growth of 15 percent in August 2022 with sales of 333,787 units as against 290,694 units in the month of August 2021. Total two-wheelers registered a growth of 15 percent in August 2022 with sales increasing from 274,313 units in August 2021 to 315,539 units in August 2022. Domestic two-wheeler registered a growth of 33 percent with sales increasing from 179,999 units in August 2021 to 239,325 units in August 2022.

Motorcycles registered a growth of 17 percent with sales increasing from 133,789 units in August 2021 to 157,118 units in August 2022. Scooter registered a growth of 40 percent with sales increasing from 87,059 units in August 2021 to 121,866 units in August 2022.

With positive market sentiments and the upcoming festive season, the Company is optimistic about the demand in the domestic two-wheeler market. As the availability of semiconductors has supported in reaching a balanced supply chain, the company is now geared up to swiftly meet the festive demand.

Meanwhile, Indian shares jumped amid gains across sectors, following strength across global markets as investors overlooked hawkish remarks made by Fed officials. Financial, IT and FMCG shares were the biggest contributors to the rise in both headline indices.

Also, catch all the live updates from the stock markets today with CNBC-TV18.com's blog

First Published:Sept 8, 2022 10:44 AM IST