If TVS Motors enters the US, it will be the second indigenous company to foray into that market, the first being Royal Enfield bike.
The company has cleared the mandatory technical and emission tests for its bike and plans to launch it later this year.
According to an auto industry executive, TVS has held negotiations with Classic Motorworks, an importer and distributor of two-wheeler in the US, which already distributes Royal Enfield Motorcycle, Bullet, Classic and Croma brands in the US.
Shares of the company closed down Rs 0.25, or 0.52%, at Rs 48.05. The total volume of shares traded at the BSE was 275,492 (Monday).
The company has cleared the mandatory technical and emission tests for its bike and plans to launch it later this year.
According to an auto industry executive, TVS has held negotiations with Classic Motorworks, an importer and distributor of two-wheeler in the US, which already distributes Royal Enfield Motorcycle, Bullet, Classic and Croma brands in the US.
Shares of the company closed down Rs 0.25, or 0.52%, at Rs 48.05. The total volume of shares traded at the BSE was 275,492 (Monday).
source: http://www.myiris.com
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