Leveraging the strength of both companies, the said partnership aims at creating a regular AC charging network and a DC fast-charging network.
TVS Motor has a presence across 80 countries in Africa, Southeast Asia, the Indian Sub-Continent, Central & Latin America and is seeking to enter more markets in Europe and North America.
TVS Motor Company on Tuesday reported a 20.7 per cent decline in consolidated net profit at Rs 156.84 crore for the third quarter ended on December 31, 2019, hit by lower sales during the period. The company had posted a net profit of Rs 197.79 crore in the December quarter of 2018-19.
On the opening of the new outlet, CADISA senior director Lic. Jorge Siekavizza was quoted as saying: "We at CADISA are happy to commence this partnership with the inauguration of flagship showroom in Gautemala city. We will follow this with two more flagship stores and support with end-to-end service, spare and support."
The special edition with newly added features will come in two models, priced at Rs 54,665 and Rs 56,765.
TVS joins a long list of companies that shut motor parts production in its unit. It joins Maruti Suzuki India, Hero MotoCorp, Royal Enfield, Mahindra & Mahindra, Tata Motors, Bajaj Motors among others who have shut production temporarily or gone for block closures.
As part of the partnership, in the first year Torino Motors, will open 40 exclusive stores for TVS Motor Co. in Mexico for distribution of two-wheelers.
TVS Radeon comes with largest seat in the segment besides car-like speedometer.
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Chennai, Sep 7: Two-wheeler manufacturer TVS Motor Company has entered into a Memorandum of understanding with private sector HDFC Bank for inventory funding for its dealers.The agreement features online fund transfers, online repayment, real time
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