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TVS Motor gains on foraying into Central American market

12 May 2017 Evaluate

TVS Motor Company is currently trading at Rs. 500.65, up by 1.40 points or 0.28% from its previous closing of Rs. 499.25 on the BSE.

The scrip opened at Rs. 505.50 and has touched a high and low of Rs. 505.50 and Rs. 499.50 respectively. So far 9704 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 518.95 on 27-Apr-2017 and a 52 week low of Rs. 280.30 on 24-Jun-2016.

Last one week high and low of the scrip stood at Rs. 505.50 and Rs. 490.30 respectively. The current market cap of the company is Rs. 23718.72 crore.

The promoters holding in the company stood at 57.40%, while institutions and non-institutions held 30.99% and 11.61% respectively.

TVS Motor has entered into the Central American market with a reputed local group Mayor Servicios Socieda Anonima (Masesa) as its sales and distribution partner. This alliance is in line with the company’s plan to expand and strengthen its presence in Central America, Latin America, South-East Asia and West Asia.

TVS Motor will be the second Indian two-wheeler maker after Bajaj Auto to enter this region, which is a fragmented market among the Chinese players. Guatemala-based Masesa, which is a leader in motorcycle sales in the Central American region, will sell TVS Motor’s two and three-wheelers and provide service support in five countries - Guatemala, Honduras, El Salvador, Costa Rica and Nicaragua.

TVS Motor Share Price

3496.75 4.75 (0.14%)
04-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Bajaj Auto 10130.95
Hero MotoCorp 5066.80
TVS Motor 3496.75
Eicher Motors 7329.55
Ather Energy 934.40
View more..

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