TVS Motor Company inches up on signing MoU with OOR Cabs
TVS Motor Company is currently trading at Rs. 2810.20, up by 5.50 points or 0.20% from its previous closing of Rs. 2804.70 on the BSE.
The scrip opened at Rs. 2810.40 and has touched a high and low of Rs. 2824.65 and Rs. 2795.80 respectively. So far 1115 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. 2069.60 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 2878.35 and Rs. 2717.70 respectively. The current market cap of the company is Rs. 133247.68 crore.
The promoters holding in the company stood at 50.27%, while Institutions and Non-Institutions held 41.22% and 8.52% respectively.
TVS Motor Company has signed Memorandum of Understanding (MoU) with OOR Cabs to supply 500 TVS King EV MAX electric three-wheelers during the financial year 2025-26. This strategic partnership is aimed at promoting sustainable urban mobility across Tamil Nadu. As part of the initiative, OOR Cabs will deploy the vehicles for eco-friendly intra-city passenger services, beginning with Trichy, and progressively expanding operations to Madurai and Coimbatore. The integration of these electric vehicles into OOR Cabs’ fleet reinforces both companies’ commitment to cleaner, more efficient transportation solutions.
The TVS King EV MAX, known for its superior range of 179 km, Bluetooth connectivity through TVS SmartXonnect, quick charging capability, and spacious, ergonomic design, has been customised in line with OOR Cab’s vision of delivering an enhanced passenger experience. OOR’s new EV fleet will come equipped with features including on-board drinking water facilities for passengers, thermal insulation on the vehicle roof for improved in-cabin comfort, and mobile charging ports, making every ride a premium and comfortable travel experience.
TVS Motor Company is a two and three-wheeler manufacturer globally, championing progress through sustainable mobility with four state-of-the-art manufacturing facilities located in India and Indonesia.
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