TVS Motors Company Expands in Colombia with Auteco SAS

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Comserve Inc.

Sep 19, 2020, 09:59 EST

Bronx, United States, Sep 19, 2020, 09:59 /Comserve / -- The globally reputed vehicle manufacturer, TVS Motor Company, declared its new distribution partnership with Autotecnica Colombiana SAS or 'Auteco SAS.'  

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Bogota, Colombia, September 18, 2020: On Thursday, i.e., September 17, 2020, the globally reputed vehicle manufacturer, TVS Motor Company, declared its new distribution partnership with Autotecnica Colombiana SAS or 'Auteco SAS.'  

Auteco SAS is one of the biggest motorcycle assemblers in Colombia, which will now operate 50 exclusive dealerships to TVS Motor Company. It will also plan a dedicated space for the TVS vehicles in more than 600 retail showrooms in Colombia, and assist TVS Motor with service, sales, spares, and CRM. Alongside this, a set-up in Cartagena, including a training center, will be provided to TVS Motors by the company. 

Mr. R Dilip, the Executive Vice President - International Business, TVS Motor Company, shared that the company is delighted to partner with Auteco SAS and expand its business in Colombia. He added that the partnership is a means of offering mobility solutions to the customers for improving their quality of life. TVS Motors aims to provide products across sections and satisfy the distinct needs of customers in Colombia. 

TVS Motor Company is a globally famous two and three-wheeler manufacturing company that has a stable and superior market presence in about 60 countries. It is a flagship company of the TVS Group. According to the company’s unaudited standalone financial reports for the quarter ended June 30, 2020, the revenue from operations stood at INR 1,431.73 crore as compared to INR 3,481.42 crore of the previous quarter. Furthermore, the total income of the company stood at INR 1,434.32 crore as against INR 3,506.53 crore of the previous quarter. However, the company on September 1, 2020, has reported a 14% growth in its overall sales with 287,398 units, in August 2020.  

TVS Motors Company, in its press release, has said that the company will launch new segments in two-wheelers varying from scooters, moped, motorcycles to three-wheelers and premium motorcycles. The company will concentrate on designing a customized and comprehensive collection of vehicles for the Colombian market.

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