Tag: tvs

Shares of TVS Electronics hit a 52-week high of Rs 344.6, surging 18 percent on the BSE in Wednesday's intra-day trade, supported by heavy volumes in an otherwise weak market.TVS Electronics Limited (TVS-E) is a leading and one of the most prominent players in the IT peripherals and consumer electronics market. Shares of the computer hardware and equipment company surpassed the previous high of Rs 333 touched on September 2, 2022. Under the purview of the Products & Solutions Group (PSG), the company designs, manufactures, assembles, sells, and services a wide variety of products, such as dot matrix printers, thermal receipt printers, label printers, mobile printers, mechanical keyboards, membrane keyboards, mouse, barcode scanner, currency counter, surveillance camera, touch POS system, handheld device, and electronic cash register, etc. Read more

TVS Motor Company has acquired a 75 percent stake in the Swiss e-Mobility Group (SEMG) for $100 million (about Rs 752 crore). TVS Motor plans to buy the remaining 25% stake by next year. The acquisition has been made in an all-cash deal through TVS Motor’s Singapore Subsidiary, TVS Motor (Singapore) Pte. This is the company’s second acquisition in Switzerland in the e-mobility space during the current financial year, after buying 80 percent in EGO Movement for $17.9 million in September 2021. In a statement, the company said, the acquisition reaffirms TVS Motor Company’s commitment to expansion in Europe through a portfolio of premium and technology leading brands, including Norton Motorcycles and EGO Movement, which were recently acquired.“This acquisition furthers TVS Motor’s commitment towards e-personal mobility products. He further said that the acquisition will help strengthen the firm's commitment to environmental sustainability. Read more

Shares of tata power gained 6.5 percent and hit a 52 week of Rs 179.65 on the back of forming a partnership with TVS Motor Company for the implementation of electric vehicle charging infrastructure and deploy solar power technologies at TVS Motor locations. The partnership aims to create a large dedicated electric two-wheeler charging infrastructure to accelerate electric mobility in India. This will also give the customers of TVS iQube Electric access to the widespread charging network by Tata Power through the TVS Motor customer connect app and Tata Power EZ Charge app across India. The partnership aims to create a regular AC charging network and a DC fast-charging network for electric two-wheelers. This partnership will further help drive EV adoption in the country among two-wheeler customers who aspire to take a step in going electric. The two companies will also explore opportunities to use solar energy to power select TVS Motor locations. Read more

TVS Motor Company makes the further investment 609,358 shares, consisting of 587,053 ordinary shares and 22,305 series A preferred stock for USD 1,950,000 (approx.) in Scienaptic Systems Inc. through its wholly-owned subsidiary, TVS Motor (Singapore)