TVS Motor Company rides high on collaborating with Zomato

TVS Motor Company is currently trading at Rs. 1318.15, up by 12.90 points or 0.99% from its previous closing of Rs. 1305.25 on the BSE.

TVS Motor Company
TVS Motor Company

The scrip opened at Rs. 1301.05 and has touched a high and low of Rs. 1331.40 and Rs. 1297.30 respectively. So far 46035 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 1384.55 on 12-Jun-2023 and a 52 week low of Rs. 793.50 on 28-Jun-2022.

Last one week high and low of the scrip stood at Rs. 1349.95 and Rs. 1288.85 respectively. The current market cap of the company is Rs. 62557.10 crore.

The promoters holding in the company stood at 50.27%, while Institutions and Non-Institutions held 41.40% and 8.33% respectively.

TVS Motor Company has associated with the food ordering and delivery platform, Zomato. This association is in line with TVS Motor’s commitment towards its green and sustainable mobility solutions. It further strengthens the company’s electrification journey across diverse mobility segments and aligns with Zomato’s efforts to enable the adoption of EVs through last-mile delivery partners. This collaboration aims to reshape the future of urban transportation by combining TVS Motor’s cutting-edge electric scooter technology with Zomato’s extensive network of delivery partners.

As part of this strategic partnership, TVS Motor will deploy over 10,000 TVS electric scooters over a course of two years, powered by its advanced electric powertrain and superior battery technology. These vehicles will contribute towards revolutionising last-mile delivery, enabling Zomato to further reduce carbon footprint. TVS Motor will also ensure that delivery partners onboarded on Zomato have access to charging stations within their radius and receive smooth digital integration to ensure ease of delivery.

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