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07-Dec2017

TVS Motor catches speed on aiming to sell 10,000 units of Apache RR 310 bike in a year

TVS Motor Company is currently trading at Rs. 747.05, up by 12.95 points or 1.76% from its previous closing of Rs. 734.10 on the BSE.

The scrip opened at Rs. 737.00 and has touched a high and low of Rs. 753.55 and Rs. 737.00 respectively. So far 49773 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 753.55 on 07-Dec-2017 and a 52 week low of Rs. 346.00 on 28-Dec-2016.

Last one week high and low of the scrip stood at Rs. 753.55 and Rs. 711.20 respectively. The current market cap of the company is Rs. 35683.79 crore.

The promoters holding in the company stood at 57.40%, while institutions and non-institutions held 31.54% and 11.06% respectively.

TVS Motor Company is aiming to sell 10,000 units of its newly launched Apache RR 310, a 310 cc super-premium bike, in its first year. Recently, the company has rolled out TVS Apache RR 310 for Rs 2.05 lakh (ex-showroom) with prices varying across states.

TVS Motor's entry into the new segment comes four years after a tie-up agreement between the Indian motorcycle major and Germany's BMW Motorrad. Following the 2013 agreement between the two entities, TVS Motor has infused an investment around Rs 400 crore.

TVS Motor Company is a leading two and three-wheeler manufacturer, and is the flagship company of the TVS Group.

 


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