3,475 per cent returns: This multibagger vehicles manufacturing company celebrating a decade of unparalleled partnership success with BMW!
The stock gave multibagger returns of 220 per cent in 3 years and a whopping 3,475 per cent in a decade.
TVS Motor Company Ltd and BMW Motorrad celebrate 10 years of partnership, marked by collaboration and innovation in the automotive industry. Since this strategic alliance was formed, the two companies have achieved notable milestones, set new industry standards and delivered exceptional motorcycles to customers worldwide.
To commemorate the occasion, TVS Motor Company, a renowned manufacturer of two-wheelers and three-wheelers in the world, announced the production of 150,000 units of BMW Motorrad's 310cc series of motorcycles.
Over the past decade, TVS Motor and BMW Motorrad have forged a partnership built on shared values of quality, performance, and innovation. This successful collaboration has led to numerous achievements and highlights, solidifying the strong bond between the two companies. It has paved the way for the two companies to extend and expand their partnership in December 2021.
As part of this expanded partnership, TVS Motor and BMW Motorrad are jointly developing new platforms and future technologies, including electric vehicles. Additionally, TVS Motor Company's scope now includes the design and development of future BMW Motorrad products, as well as delivering world-class quality, supply chain management, and industrialization.
To further strengthen this partnership, BMW CE 02 production has now begun at TVS Motor's Hosur manufacturing plant.
On Friday, shares of TVS Motors Ltd gained 0.25 per cent to Rs 1,501.35 per share with an intraday high of Rs 1,518.95 and an intraday low of Rs 1,496.20. The stock gave multibagger returns of 220 per cent in 3 years and a whopping 3,475 per cent in a decade. The company has a market cap of over Rs 70,000 crore and investors should keep an eye on this Large-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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