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23 July, 2024 20:35 IST
TVS Motor in collaboration with Grupo Q
Source: IRIS | 09 Dec, 2021, 08.22PM
Rating: NAN / 5 stars.
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TVS Motor Company, one of the largest two-wheeler manufacturers in India, on December 09 announced its new distribution partnership with Active Motors SA, a subsidiary of Grupo Q, for Nicaragua and Costa Rica to expand its business in Central America further. Active Motors SA will support TVS Motor with dedicated sales, service, spares and customer relationship management (CRM).

As a part of this association, Active SA Motors will facilitate the opening of three flagship outlets and about 50 dealerships for TVS Motor Company in a phase-wise manner across Nicaragua and Costa Rica. TVS Motor Company has a rich experience in Central America with its presence across key markets, including Guatemala, El Salvador and Honduras.

R Dilip, President - International Business, TVS Motor Company, said, "Central America is an important market for TVS Motor Company. We are delighted to partner with Grupo Q, which has a strong pedigree in the automobile industry in the country. This association is a significant step towards expanding TVS Motor’s market presence in Central America, driving innovation through best-in-class products and setting a customer experience benchmark. The deep understanding of the market, rich experience in the industry and retail financing capabilities make Grupo Q the best strategically for TVS Motor Company in Nicaragua and Costa Rica. We will continue to offer a wide range of aspirational products with complete service and spare parts support combined with the strength of our network facility to cater to the mobility needs of the region."

Adding to this, Carlos Enrique Quiros - Vice President & Commercial Head, Grupo Q said, "We, at Grupo Q, will represent TVS Motor Company with great pride to cater to the length and breadth of fast-evolving customer requirement. In Grupo Q, we have been driving innovation and looking forward to newer opportunities to grow our business in the region with our extensive knowledge and experience of the market. Active Motors, the new company of the Grupo Q Holding Company, promises quality mobility solutions and accessibility for customers in the Nicaragua and Costa Rica market, demonstrating the technology and quality prowess of TVS Motor Company."


Shares of the company gained Rs 1.70, or 0.25%, to settle at Rs 684.40. The total volume of shares traded was 34,650 at the BSE (Thursday).


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