TVS Motor expands presence in UAE; signs distribution agreement with Public Motors
The two-wheeler manufacturer, TVS Motor Company informed the exchanges today that it has signed a new distribution partnership with Public Motors, a part of the reputed Ghaf Investments in the United Arab Emirates (UAE).
As a part of the association, a 2,000 sq. ft marquee showroom was inaugurated along Sheikh Zayed Road in Dubai. The showroom will provide spare parts and feature a service facility apart from hosting a wide range of two-wheelers. Through this partnership, the company aims to introduce product offerings that will cater to the personal commuting and delivery segments in the UAE.
Speaking on the occasion, R Dilip, Executive Vice President - International Business, TVS Motor Company, stated that the association is a strategic step towards expanding the company’s market presence, driving innovation through best-in-class products, and setting a customer experience benchmark.
On Monday, the stock of TVS Motor Company closed at Rs 632.85 per share, down by 0.50 per cent. The 52-week high is recorded at Rs 659.80 while its 52-week low is Rs 240.10 on BSE.