Motus Holdings shares approach fair value after 10% surge
- ByInvesting.com
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Motus Holdings Limited provides automotive mobility solutions in South Africa and internationally. It operates through Import and Distribution, Retail and Rental, Mobility Solutions, and Aftermarket Parts segments. The Import and Distribution segment imports and distributes passenger vehicles, light commercial vehicles, and parts to serve a network of dealerships, vehicle rental companies, fleets, and government institutions in South Africa. The Retail and Rental segment engages in the retail of new and pre-owned passenger and commercial vehicles in various segments in South Africa, the United Kingdom, and Australia. This segment also sells parts and accessories; provides vehicle servicing and maintenance; and rents passenger vehicles and light commercial vehicles in South Africa. The Mobility Solutions segment is involved in the development, sale, management, administration of services, maintenance, warranty contracts, and value-added products and services; and provision of fleet management and telemetry and business process outsourcing services. The Aftermarket Parts segment distributes, wholesales, and retails parts and accessories for out-of-warranty vehicles; and operates distribution centers in South Africa, Taiwan, China, and the United Kingdom. It is also involved in the treasury management, and property investment and rental activities. The company was founded in 1948 and is based in Bedfordview, South Africa.