04-06-2022 10:54 AM | Source: Accord Fintech
TVS Motor Company gains on planning to collaborate with Jio-bp on EV solutions
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TVS Motor Company is currently trading at Rs. 641.55, up by 5.80 points or 0.91% from its previous closing of Rs. 635.75 on the BSE.

The scrip opened at Rs. 650.60 and has touched a high and low of Rs. 650.60 and Rs. 639.15 respectively. So far 6225 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 793.45 on 09-Nov-2021 and a 52 week low of Rs. 495.00 on 24-Aug-2021.

Last one week high and low of the scrip stood at Rs. 650.60 and Rs. 617.55 respectively. The current market cap of the company is Rs. 30203.66 crore.

The promoters holding in the company stood at 52.26%, while Institutions and Non-Institutions held 38.32% and 9.42% respectively.

TVS Motor Company and Jio-bp have agreed to explore the creation of a robust public EV charging infrastructure for electric two-wheelers and three-wheelers in the country, building on Jio-bp’s growing network in this space. Under this proposed partnership, the customers of TVS electric vehicles are expected to get access to the widespread charging network of Jio-bp, which is also open to other vehicles.

Leveraging the strength of both companies, the said partnership aims at creating a regular AC charging network and a DC fast-charging network. This will align with Jio-bp and TVS’ commitment to providing vast and reliable charging infrastructure to their customers. In addition to creating solutions for seamless customer journey on TVS Motor and Jio-bp apps, both companies will bring the best of their global learnings in electrification and apply them to the Indian market to create a differentiated customer experience that delights the consumer. 

This partnership will help drive EV adoption in the country among two and three-wheeler customers who aspire to take a step forward in going electric. The rapid proliferation of these charging stations will broaden both the companies' horizons and expedite India’s net-zero emission goals.

TVS Motor Company is a reputed two and three-wheeler manufacturer.