TVS Motor Company shares rallied on Monday after the company recorded 32% growth in sales during the month of July 2014, with total sales increasing from 153,676 units recorded in the month of July 2013 to 203,092 units in the month of July 2014.

The company's total exports grew by 41% with sales increasing from 26,145 units in the month of July 2013 to 36,986 units in July 2014. Two wheeler exports registered a growth of 47% with sales increasing from 20,140 units in July 2013 to 29,557 units in July 2014.

Shares of the company are trading at Rs 158.80, up Rs 6.35, or 4.17% at the Bombay Stock Exchange (BSE) on Monday at 10:55 a.m.

The scrip has touched an intra-day high of Rs 162.55 and low of Rs 157. The total volume of shares traded at the BSE is 302,223.