TVS Motor Company gains on the BSE
TVS Motor Company is currently trading at Rs. 2230.80, up by 3.80 points or 0.17% from its previous closing of Rs. 2227.00 on the BSE.
The scrip opened at Rs. 2240.50 and has touched a high and low of Rs. 2253.30 and Rs. 2218.00 respectively. So far 1015 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2958.15 on 27-Sep-2024 and a 52 week low of Rs. 1873.05 on 19-Apr-2024.
Last one week high and low of the scrip stood at Rs. 2325.65 and Rs. 2220.00 respectively. The current market cap of the company is Rs. 105564.36 crore.
The promoters holding in the company stood at 50.27%, while Institutions and Non-Institutions held 41.21% and 8.53% respectively.
Ezz LCV, the authorized distributor of TVS Motor Company (TVSM) in Egypt, has inaugurated a new assembly line in Giza, investing approximately $ 6.5 million (360 million EGP) to enhance local manufacturing capabilities. The state-of-the-art facility will have a production capacity of 100,000 units per year, significantly expanding Ezz LCV's ability to meet growing market demand for two-wheelers.
The new assembly line will assemble popular TVSM popular models, including the TVS Apache RTR Series, TVS HLX Series, and TVS XL 100. By localizing production, Ezz LCV aims to improve delivery times, support its extensive dealer network, and provide high-quality motorcycles tailored to Egyptian customer preferences.
The assembly line leverages TVS Motor Company's globally recognized engineering expertise while allowing Ezz LCV to strengthen its market position. The facility is strategically designed to serve the growing customer base seeking innovative, reliable, and affordable two-wheelers in Egypt. The current product lineup in Egypt includes the TVS Apache RTR 200 4V, TVS Apache RTR 160 4V, TVS Star HLX 150, and TVS HLX 150 F models.
TVS Motor Company is a reputed two and three-wheeler manufacturer. TVS Motor’s strength lies in its extensive research and development, resulting in products that are industry leading in terms of innovation.
