TVS Motor Company rises on entering into JDA with Hyundai Motor Company
TVS Motor Company is currently trading at Rs. 3775.00, up by 10.55 points or 0.28% from its previous closing of Rs. 3764.45 on the BSE.
The scrip opened at Rs. 3789.70 and has touched a high and low of Rs. 3808.25 and Rs. 3771.05 respectively. So far 3717 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3970.00 on 26-Feb-2026 and a 52 week low of Rs. 2625.40 on 09-May-2025.
Last one week high and low of the scrip stood at Rs. 3826.80 and Rs. 3701.00 respectively. The current market cap of the company is Rs. 179796.72 crore.
The promoters holding in the company stood at 50.27%, while Institutions and Non-Institutions held 41.38% and 8.36% respectively.
TVS Motor Company has entered into a Joint Development Agreement (JDA) with Hyundai Motor Company on April 20, 2026. The JDA is being entered into for the development, manufacturing, and commercialisation of electric micromobility 3-wheelers (including its versions or variants). The JDA sets out the terms governing the arrangement between the parties.
The collaboration leverages Hyundai Motor’s design, styling and technology capabilities with the Company's engineering expertise, manufacturing capabilities and strong distribution network in India and emerging markets, to jointly develop, manufacture and commercialize competitive electric micromobility 3-wheelers.
The arrangement is intended to enable the development of a modern, efficient and sustainable EV mobility solution through the pooling of complementary expertise, resources, and technological capabilities.
