TVS Motor Company rides high on partnering with Rapido

TVS Motor Company Ltd. | Automobile Two & Three Wheelers | Automobiles | BSE: 532343 | NSE: TVSMOTOR

27 Apr 2022 Evaluate

TVS Motor Company is currently trading at Rs. 687.60, up by 5.45 points or 0.80% from its previous closing of Rs. 682.15 on the BSE.

The scrip opened at Rs. 676.25 and has touched a high and low of Rs. 689.95 and Rs. 671.75 respectively. So far 78621 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 793.45 on 09-Nov-2021 and a 52 week low of Rs. 495.00 on 24-Aug-2021.

Last one week high and low of the scrip stood at Rs. 689.95 and Rs. 631.40 respectively. The current market cap of the company is Rs. 32343.93 crore.

The promoters holding in the company stood at 50.81%, while Institutions and Non-Institutions held 40.48% and 8.72% respectively.

TVS Motor Company has inked a strategic partnership with Rapido, India’s leading on-demand delivery and mobility platform by signing a Memorandum of Understanding (MoU). As part of the MoU, TVS Motor and Rapido will look to collaborate by leveraging synergies of their respective businesses in the fast-moving mobility market in India.

By signing this MOU, TVS Motor and Rapido are bringing together their strength in mobility and seamless technology platform, respectively, to deliver a winning proposition to this demanding user base. This comprehensive partnership will cover both two-wheeler and three-wheeler vehicles and extend across ICE and EV segments.

Both parties will also look to leverage the learnings from the collaboration to enhance the product usage experience of the Rapido Captain and Rider base through delivery of improved overall journey experience in the form of better product forms, credit and financing solutions, and other use cases delivered via technology innovations.

TVS Motor Company is a reputed two and three-wheeler manufacturer.

TVS Motor Share Price

3613.05 -79.40 (-2.15%)

11-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Bajaj Auto	10594.60
Hero MotoCorp	5231.05
TVS Motor	3613.05
Eicher Motors	7204.05
Ather Energy	970.10
View more..

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