TVS Motor is currently trading at Rs. 51.50, up by 0.80 points or 1.58% from its previous closing of Rs. 50.70 on the BSE.
The scrip opened at Rs. 51.25 and has touched a high and low of Rs. 51.85 and Rs. 50.50 respectively. So far 74010 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 74.50 on 03-Jan-2011 and a 52 week low of Rs. 43.70 on 09-Feb-2011.
Last one week high and low of the scrip stood at Rs. 54.80 and Rs. 50.25 respectively. The current market cap of the company is Rs. 2449.07 crore.
The promoters holding in the company stood at 59.31% while Institutions and Non-Institutions held 21.15% and 19.54% respectively.
TVS Motor Company, county's third-largest two-wheeler maker is likely to roll out automatic transmission scooters and motorcycles from 2013 with 20% better fuel efficiency. Through this launch of scooters and motorcycles with engine capacity of 110cc, company aims to strengthen foothold in the fast growing 2-wheeler market.
The company is also planning to introduce these technologies on current models along with the new models. TVS engineers had been working on developing the new platform for the last six-seven years. The acceleration and initial performance will improve with new technology and the engine weight will reduce by 15%. It has increased the use of aluminium in engines as it will reduce overall weight. The automatic transmission engines will also provide the same convenience as in Continuously Variable Transmission Technology vehicles.
The company will offer variants in both manual and automatic transmission technologies in some existing models, allowing customers to choose their own vehicles. The technology will be offered from 110cc to 250cc.
| Company Name | CMP |
|---|---|
| Bajaj Auto | 9471.50 |
| Hero MotoCorp | 4791.20 |
| TVS Motor | 2414.00 |
| Eicher Motors | 4982.70 |
| Atul Auto | 547.25 |
| View more.. | |
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