TVS Motor and Cadisa Group in Strategic Partnership
TVS Motor company announced their partnership with Cadisa Group for Guatemala and EI Salvador on Wednesday.
This partnership will help TVS Motors to expand their presence in Guatemala and EI Salvador. Cadisa group has a rich experience, immense knowledge, and an understanding of the need of customers in this region, which will help TVS motors to offer customized products with complete service and spare parts throughout Central America, thereby, consolidating TVS motor’s presence. On the other hand, the combined network of Cadisa and TVS motors will help Cadisa to create an impact in Guatemala and EI Salvador.
TVS Motor company, the flagship company of TVS Group, is the third largest two-wheeler manufacturer in India. From mopeds to racing inspired motorcycles, the company manufactures a wide range of two-wheelers. It also produces three-wheelers and has an annual production capacity of 4 million 2 wheelers and 120,000 three wheelers. TVS Motors is one of the leading two-wheeler and three-wheeler exporters in India, with a distribution network in over 60 countries.
On Thursday, the stock of TVS Motors opened at Rs. 502.00 per share and made an intraday high and low of Rs. 503.00 and Rs. 489.15, respectively on the BSE. At 10.55 am the stock was trading at Rs. 493.70, down by 0.25 per cent.