TVS Motor Company and its Group Companies TVS Credit Services, Sundaram-Clayton, and others on Monday announced their commitment to donate Rs 250 million to the PM's Relief Fund (PM-CARES) to aid the battle against COVID-19.

''This is in line with the company's continuous endeavour to ensure prosperous and sustainable communities. It is in addition to the ongoing activities being already undertaken through Srinivasan Services Trust, the CSR arm of the group,'' it said in a statement.

''The COVID-19 pandemic marks an unprecedented time in modern history and it will require the best of humanity to overcome the battle. We applaud the Government's strong resolve and numerous actions to fight this. Now, more than ever, it requires all of us to cooperate and support each other as a nation,'' said Venu Srinivasan, Chairman, TVS Motor Company.

Shares of the company declined Rs 7.2, or 2.37%, to settle  at  Rs 297.00.  The total volume of shares traded  was  51,868 at  the BSE (Monday).