TVS Motor Company, one of the largest two-wheeler manufacturers in India, witnessed a rise in share price on Monday after the company posted a sales growth of 22% during the month of October 2014. The company reported total sales increasing from 197,905 units recorded in the month of October 2013 to 241,044 units in the month of October 2014.

The company's total exports grew by 51% with sales increasing from 23,154 units in the month of October 2013 to 34,855 units in October 2014. Two wheeler exports grew by 65% with sales increasing from 16,750 units in October 2013 to 27,696 units in October 2014.

Shares of the company are trading at Rs 263.10, up Rs 3.5, or 1.35% at the Bombay Stock Exchange (BSE) on Monday at 11:19 a.m.

The scrip has touched an intra-day high of Rs 266.55 and low of Rs 262. The total volume of shares traded at the BSE is 218,358.