TVS Motor Company shines on entering Vietnam in collaboration with Minh Long Motors
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TVS Motor Company is currently trading at Rs. 1773.70, up by 35.45 points or 2.04% from its previous closing of Rs. 1738.25 on the BSE.
The scrip opened at Rs. 1764.85 and has touched a high and low of Rs. 1774.75 and Rs. 1745.50 respectively. So far 8008 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1779.95 on 20-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. 1779.95 and Rs. 1690.05 respectively. The current market cap of the company is Rs. 82582.02 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 Vietnam in collaboration with Minh Long Motors - its distribution partner. The company will offer a range of scooters and underbone motorcycles, across multiple price points, in keeping with its commitment to responsible and sustainable mobility. The company’s entry into Vietnam is its second major global foray in two weeks. Last week the company announced its entry into Europe starting with France.
TVS Motor, globally recognised for its engineering, innovation and quality, will leverage Minh Long Motors extensive distribution network and deep market insights to offer some of the best-in-class two-wheelers in the Vietnamese market. TVS Motor products are already sold in over 80 countries spanning the geographies of Asia, Africa and Latin America. Exports comprise nearly 25% of the company’s business as of H1FY 2023 - an endorsement of the company’s high quality, technologically superior offerings and its R&D capability.
TVS Motor Company is a reputed two and three-wheeler manufacturer.
