The story
The story begins with vehicles that the brothers Tachó developed in 1950 La Ballena (The Whale) and in 1953 The Coca that were both marketed under the Tachó brand name.
Guillem and Antoni Tachó were joined by Maurici Josep Vila Perramón and together they founded the company Automóviles Utilitarios, S.A. on May 4, 1956. The trade-mark PTV comes From Tachó-Perramón vehículo plus a distinctive number.
The PTV 250 was the first model produced. in 1956. It was an attractive 2-seater convertible (2 + 1 according to the advertising brochure) with a rear-mounted 250 cc single-cylinder,11 horsepower (c. 8KWmotor, and capable of speeds up to 75 km /h (about 45 mph). There were two versions: either with or without doors. A total of 1100 units were produced un to 1961, which ranks as the fourth (by volume) micro-car sold in Spain, after the Biscúter, the Goggomobil and Isetta. Prices ranged between 44,500 and 55,000 Ptas. They were mostly marketed in Spain with some units exported to Portugal.
From Wikipedia’s article on PTV (car), shared under CC BY-SA 4.0.3