Deutz rises on long-term cooperation with India's TAFE Motors

Deutz AG

02/07/2024 07:24

** Shares in Deutz  DEZG.DE  rise 2.5% in early Frankfurt
trade after the German motor manufacturer signed a long-term
cooperation with Indian agricultural group TAFE Motors
    ** TAFE Motors will manufacture up to 30,000 of 2.2 and 2.9
liter DEUTZ-engines under license, Deutz said, without
disclosing financial details of the deal
    ** "Entry into Indian market might be viewed as positive," a
local trader says in a note
    ** The stock is among the best performers on Germany's
small-cap index  .SDAXI 

 (Reporting by Ozan Ergenay)
 ((ozan.ergenay@thomsonreuters.com))