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TVS Motor Company strengthens its presence in Mexico

Posted On: 2018-09-19 11:23:20

TVS Motor Company, a reputed manufacturer of twowheelers and three-wheelers today announced their association with leading distributer in the Mexican region, Torino Motors, a subsidiary of Groupo Autofin.

TVS Motor Company ranks amongst the top ten two-wheeler companies in the world and is one of the leading two-wheeler and three-wheeler exporter in India, distributing to over 60 countries. In the first year of the association, Torino Motors will work with TVS Motor Company to open 40 exclusive stores in the country for the distribution of two-wheelers. With over 40 years of experience in the region, Torino Motors specialises in automobile and retail finance.

Commenting on this association, Mr. R Dilip, Senior Vice President - International Business, TVS Motor Company, said, "We are delighted to partner with a reputed, well-known company such as Torino Motors, who come with over 40 years of experience in Mexico. We look forward to the market knowledge that they will bring on board. Their insights will allow us to personalise our offerings to suit the customers of Mexico and their vast network of distribution will ensure maximum reach in the country. Together with Torino Motors, we are determined to create customer delight in the country."

Commenting on this association, Jorge Garcia, Chief Executive Officer, Torino Motors, said, "TVS Motor Company is synonymous across the globe for their quality automobile offerings, which boast of cutting-edge technology. We are delighted to be the bridge between their superior offerings and our esteemed customers in the country. The range of offerings provided by the Company are very well-suited for the local Mexican commuter and terrain. We are confident that this association will be very successful."

As a part of this association, Torino Motors will distribute the vast range of TVS Motor Company two-wheeler offerings including:

- TVS XL100 HD
- TVS HLX 150
- TVS STRYKER
- TVS Apache RTR 160, 180 and 200
- TVS Apache RR 310
- TVS WEGO
- TVS NTORQ 125
- TVS ROCKZ
- TVS Neo

Shares of TVS MOTOR COMPANY LTD. was last trading in BSE at Rs.591.7 as compared to the previous close of Rs. 589.2. The total number of shares traded during the day was 142456 in over 2004 trades.

The stock hit an intraday high of Rs. 602 and intraday low of 588.3. The net turnover during the day was Rs. 84566556.


Source: Equity Bulls

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