TVS Motor Company surges on entering into strategic engagement with Amazon India
TVS Motor Company is currently trading at Rs. 1151.15, up by 39.35 points or 3.54% from its previous closing of Rs. 1111.80 on the BSE.
The scrip opened at Rs. 1116.05 and has touched a high and low of Rs. 1165.90 and Rs. 1116.05 respectively. So far 47461 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1177.00 on 19-Oct-2022 and a 52 week low of Rs. 513.00 on 07-Mar-2022.
Last one week high and low of the scrip stood at Rs. 1165.90 and Rs. 1081.95 respectively. The current market cap of the company is Rs. 54841.68 crore.
The promoters holding in the company stood at 50.81%, while Institutions and Non-Institutions held 40.25% and 8.96% respectively.
TVS Motor Company has entered into a strategic engagement with Amazon India to strengthen electric mobility, electric infrastructure and connected services. As part of this collaboration, a fleet of electric two-wheelers and three-wheelers from TVS Motor will be deployed for Amazon’s last-mile deliveries. In addition, the two companies will work in tandem to examine EV use cases for various Amazon business groups for its network and logistical requirements. In order to test solutions, the two companies will pilot TVS Motor’s electric vehicle solutions through partner base and delivery associates across India.
TVS Motor Company is a reputed two and three-wheeler manufacturer.