TVS Motor Company is trading 2% higher at Rs 148.45 ahead of bonus issue. The board has fixed September 09 as the record date for determining the shareholders eligible to receive the bonus shares in the ratio of 1:1.
 
Meanwhile, the company reported 34% sales growth in August 2010, as compared to the previous corresponding period. TVS sold 170,735 units in August 2010, up from 127,875 units sold in August 2009.
 
The stock opened at Rs 145.90 and touched high of Rs 150.40 on the BSE. Around 271,000 shares have changed hands on the counter so far.