TVS Motor partners with Motomundo SA in Honduras

Chennai-based two and three-wheeler maker TVS Motors announced on Thursday that it has joined hands with Motomundo SA, a business group in Honduras (Central America) to facilitate the sales and service of its products, across all Motomundo stores in Honduras in a phase-wise manner.

As part of the association, Motomundo SA stores will start an exclusive outlet for TVS Motor and will expand it to three stores in the country within a year. TVS Motor will mark its presence in 40 Motomundo outlets and over 25 dealers across Honduras. The company will also operate 25 service outlets to ensure complete service and spare support. Additionally, its range of two-wheeler offerings will be supplemented with its retail finance schemes.

Speaking on the announcement, R Dilip, Executive Vice President, International Business of TVS Motor Company stated that the unique network of distribution that Motomundo SA possessed made them the best strategic ally for TVS Motor Company. It would enable TVS to offer customised products with complete service and spare parts for our customers and consolidate our presence in Honduras.

TVS Motor Company is a flagship company of US $ 8.5 billion TVS Group with exports in over 60 countries. It manufactures motorcycle, mopeds and scooters. In addition, the company also manufactures spark ignition-operated outboard motors, combustion spark-ignition engines, critical engines and transmission parts.

At 10.40 am on Thursday, the stock was trading at Rs 424.90, down by 2.43 per cent or Rs 10.60 per share. The 52-week high is recorded at Rs 524.80 and the 52-week low is Rs 340.30 on BSE.