SME Times is powered by   
Search News
Just in:   • Committed to nurture next-gen innovation in 6G technology: Jyotiraditya Scindia  • Europe facing earlier, stronger heatwaves: Climate scientist  • India and Namibia sign two MOUs in fields of health and entrepreneurship  • PM Modi arrives in Delhi after concluding 'productive and successful' 5-nation tour  • ASEAN to keep on consensus, inclusivity: Malaysian official 
Last updated: 01 Dec, 2020  

TVS Motor Logo THMB TVS Motor acquires Intellicar for Rs 15 Cr cash

TVS Motor Logo
   Top Stories
» Committed to nurture next-gen innovation in 6G technology: Jyotiraditya Scindia
» Piyush Goyal holds talks with Malaysian minister on review of ASEAN trade pact
» India and OPEC have a unique and symbiotic relationship: Hardeep Puri
» SIP inflows hit all-time high in June, total AUM for equity MF at Rs 74.41 lakh crore
» India set to explore over 2.5 lakh sq kms area in one of largest offshore energy efforts
SME Times News Bureau | 01 Dec, 2020
Two and three wheeler maker TVS Motor Company Ltd. on Tuesday said it has acquired Intellicar Telematics Private Limited and integrated Internet of Things (IoT) solution provider for Rs 15 crore cash.

The automobile company also said it closed last month selling 322,709 units up from 266,582 units sold in November 2019.

In a regulatory filing, TVS Motor said the acquisition of Rs 16.10 crore turnover Bengaluru based Intellicar will help accelerate its ongoing digital initiatives targeted at delivering enhanced customer experience.

TVS Motor said the acquisition is expected to be completed by December 31, 2020.

Intellicar provides advanced fleet management solutions through an integrated platform powered by IoT technologies coupled with strong analytics and data management capabilities.

The company provides a one stop integrated IoT solution with fleet tracking and predictive maintenance solutions to a wide range of vehicle types.

Meanwhile, TVS Motor said it closed last month selling 322,709 units up from 266,582 units sold in Nov 2019.

According to TVS Motor, total two-wheelers sales grew by 25 per cent recording 311,519 units in November 2020 as against 249,350 units in November 2019.

In the three wheeler segment, the company registered sales of 11,190 units last month as against 17,232 units in November 2019.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Do you think Indian businesses will be negatively affected by Trump's America First Policy?
 Yes
 No
 Can't Say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter