TVS Motor rides high on commencing production of first electric bike `CE 02` along with BMW Motorrad
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TVS Motor Company is currently trading at Rs. 1521.50, up by 20.15 points or 1.34% from its previous closing of Rs. 1501.35 on the BSE.
The scrip opened at Rs. 1490.05 and has touched a high and low of Rs. 1528.00 and Rs. 1490.05 respectively. So far 16993 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1546.20 on 28-Sep-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. 1540.00 and Rs. 1489.30 respectively. The current market cap of the company is Rs. 72555.30 crore.
The promoters holding in the company stood at 50.27%, while Institutions and Non-Institutions held 41.54% and 8.19% respectively.
TVS Motor Company in collaboration with BMW Motorrad, the motorcycle division of German automaker BMW Group, has begun production of its first electric two-wheeler CE 02 at the Hosur manufacturing facility.
The factory located about 70 kms from Bengaluru, is engaged in the production of vehicles co-developed by the two auto companies. The CE 02 electric two-wheeler would be initially sold in Europe and later retailed in India.
TVS Motor Company is a reputed two and three-wheeler manufacturer.
