TVS Motor Launches Armado 200: Strengthening Its Commercial Footprint in Indonesia

TVS Motor Company (NSE: TVSMOTOR; BSE: 532343), a prominent global manufacturer of two and three-wheelers, has officially launched the TVS Armado 200 in Jakarta, Indonesia. This new three-wheeler cargo vehicle is strategically engineered to cater to the burgeoning logistics and commercial sectors in Southeast Asia.

Product Specifications and Performance

The TVS Armado 200 is designed for durability and high-demand commercial applications.

Engine Power: It features a 197.75 cc oil-cooled, spark-ignition engine delivering a maximum power of 10.6 kW and 15.5 Nm of torque.

Payload and Cargo: The vehicle boasts a best-in-class payload capacity of 840 kg with a substantial 2-meter cargo bed (2,070 mm), making it ideal for heavy-duty supply chain operations.

Transmission and Fuel: Equipped with a 5-speed manual transmission and a 16-liter fuel tank for extended operational range.

Built for Terrain: With a ground clearance of 230 mm and a leaf-spring suspension system with dampers, the Armado is built to handle challenging Indonesian road conditions.

Strategic Importance and Pricing

Peyman Kargar, President of International Business at TVS Motor, highlighted that the Armado 200 is a locally developed product, assembled at the TVS Karawang Plant in Indonesia. This move aligns with TVS's long-term investment in local engineering and its commitment to the Indonesian economic value chain.

The vehicle is available in three colors-Red, Blue, and White-at an introductory price of IDR 34,900,000 (approximately ₹1.83 Lakhs) OTR Jakarta.

Partnerships and Warranty

In a significant move to support local productivity, TVS has partnered with the AGRINAS and Merah Putih Co-operatives initiative to supply these vehicles to suburban and rural areas. To instill consumer confidence, the company is offering an industry-leading engine warranty of 3 years or 30,000 km.

Shares of TVS Motor Company Limited was last trading in BSE at Rs. 3697.85 as compared to the previous close of Rs. 3469.10. The total number of shares traded during the day was 94536 in over 5525 trades.

The stock hit an intraday high of Rs. 3735.50 and intraday low of 3578.40. The net turnover during the day was Rs. 349966948.00.

Source : Equity Bulls

Keywords

TVSMotorCompany INE494B01023 2Wheelers 3Wheelers Armada200 Indonesia Launch