TVS Motor Company rises on planning to launch Euro-5 two-wheelers in Turkey

TVS Motor Company is currently trading at Rs. 1044.90, up by 7.45 points or 0.72% from its previous closing of Rs. 1037.45 on the BSE.

TVS Motor Company
TVS Motor Company

The scrip opened at Rs. 1045.00 and has touched a high and low of Rs. 1048.00 and Rs. 1041.30 respectively. So far 10903 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 1177.00 on 19-Oct-2022 and a 52 week low of Rs. 513.00 on 07-Mar-2022.

Last one week high and low of the scrip stood at Rs. 1048.00 and Rs. 1021.40 respectively. The current market cap of the company is Rs. 49287.91 crore.

The promoters holding in the company stood at 50.81%, while Institutions and Non-Institutions held 40.25% and 8.96% respectively.

TVS Motor Company has planned to launch the Euro-5 two-wheelers in Turkey. The products from TVS Motor Company have received overwhelming acceptance of customers in Turkey. TVS Jupiter and TVS Apache RTR 200 4V are the most popular TVS Motor’s products used by customers in Turkey and are known for their quality.

TVS Motor will further strengthen its presence in Turkey with products like TVS Jupiter, TVS NTORQ Race Edition, TVS Raider and TVS Apache RTR 200 4V which will be Euro5 compliant.

In consideration of environment protection and taking care of the wellbeing of people of Turkey, the Government of Turkey has regulated adherence to Euro-5 emission norms. In line with the initiative of Government of Turkey, TVS Motor Company announced that the Company has already taken initiatives to introduce Euro-5 complaint two-wheelers for Turkey customers. The Company awaits approval from European Union/local authorities (Homologation/Proto-type product approval). Once the prototype- product approval of EU/local authorities are in place, the Company will introduce Euro5 two-wheelers in Turkey.

The Customers are familiar with TVS Motor Company’s presence in Turkey with its flagship products TVS Apache RR 310, TVS Apache RTR 200 4V FI, TVS Apache RTR 160 4V FI, TVS Wego and TVS Jupiter. The feature-rich Euro-5 products will be a perfect combination of exciting style, best-in-class performance, and uncompromised ride experience. At present the products are under test phase and regulatory type approval process.