MoneyWorks4Me

TVS Motor Company enters into MoU with Karnataka Bank

08 Oct 2014 Evaluate

TVS Motor Company, the third largest two-wheeler manufacturer in India, has entered into a Memorandum of Understanding (MoU) with Karnataka Bank to providing inventory funding/Channel finance facility to the authorized dealers of the TVS Motors. The Bank will provide hassle free channel finance on easy terms to the eligible Authorised Dealers of the Company for acquiring stock of vehicles of the Company under this MoU.

TVS Motor Company is the flagship of the $7 billion Indian conglomerate, TVS Group which recently celebrated one hundred years in the automotive business in India. The company has posted a sales growth of 27% during the month of September 2014, with total sales increasing from 197,409 units recorded in the month of September 2013 to 250,835 units in the month of September 2014.

Peers
Company Name CMP
Bajaj Auto 9861.10
TVS Motor Company 3920.20
Hero MotoCorp 4991.10
Eicher Motors 6960.00
OLA Electric Mobilit 36.30
View more..