TVS Motor Company rises on entering into strategic partnership with Emil Frey
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
TVS Motor Company is currently trading at Rs. 1703.40, up by 19.30 points or 1.15% from its previous closing of Rs. 1684.10 on the BSE.
The scrip opened at Rs. 1699.95 and has touched a high and low of Rs. 1712.70 and Rs. 1690.05 respectively. So far 289 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1,712.70 on 17-Nov-2023 and a 52 week low of Rs. 968.00 on 20-Jan-2023.
Last one week high and low of the scrip stood at Rs. 1712.70 and Rs. 1636.60 respectively. The current market cap of the company is Rs. 80009.42 crore.
The promoters holding in the company stood at 50.27%, while Institutions and Non-Institutions held 41.62% and 8.11% respectively.
TVS Motor Company has entered into strategic partnership with Emil Frey for key European markets. This partnership signifies a significant step towards global expansion for TVS Motor Company, leveraging Emil Frey's extensive distribution network and deep market insights in Europe.
TVS Motor Company, known for its commitment to innovation and quality, is set to offer European customers a diverse range of high-performance and technologically advanced two-wheelers. Both TVS Motor Company and Emil Frey share a commitment to responsible and sustainable mobility and place a strong emphasis on delivering impeccable customer service and satisfaction. TVS Motor Company’s focus on providing cutting-edge and pioneering solutions, combined with Emil Frey’s deep ability to understand local customers and their evolving needs has helped create a unique DNA for this partnership, which will form a strong foundation for TVS Motor’s expansion in Europe.
Emil Frey is among the largest automobile importers and retailers in Europe, serving many leading automotive brands across the region. As part of this partnership, Emil Frey Group entities will take charge of the distribution of TVS products in selected countries, utilizing their Sales, Marketing, and Service networks. Among the TVS products being made available in Europe will be TVS Jupiter 125, TVS NTORQ, TVS Raider, TVS iQube S, TVS X, TVS Ronin, TVS Apache RR 310, and TVS Apache RTR 310.
TVS Motor Company is a reputed two and three-wheeler manufacturer.
