TVS Motor's Indonesian arm's one plant to resume operations from March 26

TVS Motor's Indonesian arm's one plant to resume operations from March 26

TVS Motor said to the exchanges that the company’s corporate office subsidiary company viz., PT.TVS Motor Company Indonesia, in Jakarta, will continue to be closed and employees will work from home as advised by the Governor of Jakarta.

The Subsidiary’s Plant situated at Jl Surya Madya Kav 1-30, Karawang, West Java and it will resume operations from tomorrow viz., March 26, 2020, and any decision on closure of the plant at Karawang, West Java, Indonesia will be taken in consultation with the Governor of West Java and the local Government authorities, TVS Motors said.

The stock is currently trading at Rs328, down by Rs6.25 or 1.87% from its previous closing of Rs334.25 on the BSE.

The scrip opened at Rs349.95 and has touched a high and low of Rs349.95 and Rs325.45 respectively.




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