TVS Motor Company has announced India’s first-ever electric two-wheeler racing championship, in collaboration with TVS Racing. This pioneering initiative is a significant step forward for motorsports in India and reaffirms TVS Motor Company’s commitment to sustainable mobility.
It is the first Indian manufacturer to foray into the world of EV moto racing. The championship will be held on electric TVS Apache RTE race motorcycles, which have been developed specifically for this event.
TVS Motor Company has a long history of innovation and sustainable solutions in the mobility sector. The company has also been a pioneer of motorsports in India, with TVS Racing boasting a rich racing heritage of over four decades. This new championship is a bold leap for TVS Motor Company and a significant step forward for motorsports in India. It is also a testament to TVS Motor Company’s commitment to sustainable mobility.
Sudarshan Venu, Managing Director of TVS Motor Company said, “TVS Motor has been championing racing ever since we started India’s first factory racing team. TVS Racing has been instrumental in making motorsports aspirational yet accessible for enthusiasts across the country. Many of the technologies that we pioneered in our racing machines have made way to our production vehicles, giving shape to our ‘track to road’ philosophy. In line with our vision of providing exciting and sustainable mobility solutions, we are thrilled to announce the debut of India’s first-ever EV two-wheeler racing. TVS Racing e-OMC will not only set new benchmarks in the racing segment but also demonstrate the potential of electric vehicles in delivering high-octane and thrilling racing experiences for the world to witness.”
On Thursday, shares of TVS Motor Company Ltd surged 0.55% to Rs 1,504 per share from its previous closing of Rs 1,512.25. The stock’s intraday high is Rs 1,510.9 and an intraday low of Rs 1,491.8. The shares of TVS Motors have a PE of 43.86x and an ROE of 27.09%. The company is a market leader in the 2-wheeler and 3-wheeler segments.
The stock price has increased by 42% in one year, 183% in three years, and over 4,400% in ten years.
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