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TVS Motor

#1842

Rank

$7.79B

MarketCap IN

IN India

Country

Summary
TVS Motor Company Limited, together with its subsidiaries, manufactures and sells automotive vehicles and components, spare parts, and accessories in India. It operates through Automotive Vehicles and Parts, Automotive Components, Financial Services, and Others segments. The company offers motorcycles under the Apache, Radeon, Raider, StaR City+, and Sport brand names; scooters under the Ntorq, Jupiter, Zest 110, and Scooty Pep+ brands; mopeds under the XL 100, XL 100 Comfort, XL100 Heavy Duty, XL 100 Comfort i-TOUCH start, and XL 100 Heavy Duty i-TOUCH start brand names; electric vehicles under the TVS iQUBE brand; and three wheelers under the TVS King brand name. It also provides e-mobility solutions under the Cilo, Simpel, Allegro, and Zenith-Bikes brands; and financing for two-wheelers. The company operates in the Middle East, Africa, Southeast Asia, and Latin and Central America. It distributes its products through a network of authorized dealers. The company was incorporated in 1992 and is based in Chennai, India. TVS Motor Company Limited is a subsidiary of Sundaram-Clayton Limited.

History

T. V. Sundaram Iyengar began with Madurai's first bus service in 1911 and founded TVS, a company in the transportation business with a large fleet of trucks and buses under the name of Southern Roadways.

Early historySundaram Clayton was founded in 1962 in collaboration with Clayton Dewandre Holdings, United Kingdom. It manufactured brakes, exhausts, compressors and various other automotive parts. The company set up a plant at Hosur in 1976, to manufacture mopeds as part of their new division. In 1980, TVS 50, India's first two-seater moped rolled out of the factory at Hosur in Tamil Nadu, India. A technical collaboration with the Japanese auto giant Suzuki Ltd. resulted in the joint-venture between Sundaram Clayton Ltd and Suzuki Motor Corporation, in 1987. Commercial production of motorcycles began in 1989.

Suzuki relationshipTVS and Suzuki shared a one-year-long relationship that was aimed at technology transfer for design and manufacture of two-wheelers specifically for the Indian market. Re-christened TVS-Suzuki, the company brought out several models such as the Suzuki Supra, Suzuki Samurai, Suzuki Shogun and Suzuki Shaolin. In 2001, after separating ways with Suzuki, the company was renamed TVS Motor, relinquishing its rights to use the Suzuki name. There was also a 30-month moratorium period during which Suzuki promised not to enter the Indian market with competing two-wheelers.

Recent

Recent launches include the flagship model TVS Apache RR 310, the TVS Apache RTR 200, TVS Victor and TVS XL 100. TVS has recently won 4 top awards at J.D. Power Asia Pacific Awards 2016, 3 top awards at J.D. Power Asia Pacific Awards 2015 and Two-Wheeler Manufacturer of the Year at NDTV Car & Bike Awards .

In early 2015, TVS Racing became the first Indian factory team to take part in the Dakar Rally, the world's longest and most dangerous rally. TVS Racing partnered with French motorcycle manufacturer Sherco, and named the team Sherco TVS Rally Factory Team. TVS Racing also won the Raid de Himalaya and the FOX Hill Super Cross held at Sri Lanka. In three decades of its racing history, TVS Racing has won over 90% of the races it participates in.

In 2016, TVS started manufacturing the BMW G310R, a model co-developed with BMW Motorrad after their strategic partnership in April 2013. In December 2018, the Hosur plant where the motorcycle is manufactured rolled out its 50,000th G310R series unit.On 6 December 2017, TVS launched their most-awaited motorcycle, the Apache RR 310 in an event at Chennai. The 310 cc motorcycle with an engine which was co-developed with BMW features the first ever full fairing on a TVS bike, dual-channel ABS, EFI, KYB suspension kits, etc. It is expected to rival bikes like KTM RC 390, Kawasaki Ninja 250SL, Bajaj Pulsar and Dominar and Honda CBR 250R after hitting the market. The Apache RR 310 is designed and realised entirely in India.On 17 April 2020, it has been reported that TVS Motor Company acquired Norton Motorcycle Company in an all cash deal. In the short term, they will continue the production of motorcycles at Donington Park using the same staff.


Mission
At TVS Motors, our mission is to provide our customers with the best two-wheeler experience and services. We strive to continuously improve the product quality, develop innovative solutions and deliver cutting-edge technology to the market.

Vision
Our vision at TVS Motors is to create a connected riding experience, build models that last and to be a leader in the two-wheeler market.

Key Team

Mr. K. S. Srinivasan (Compliance Officer & Company Sec.)

Mr. Varghese M. Thomas (VP of Corp. Communications)

Mr. Arvind Pangaonkar (Head of Racing Team)

Mr. Puthenvittil Chandapillai Mathew ICS (Retd.) (Exec. VP)

Mr. Subramaniam Devarajan (Sr. VP of Production Engineering)

Mr. M. N. Varadarajan B.Com., M.B.A., A.C.A., A.I.C.W.A (Sr. VP)

Mr. R. Dilip (Sr. VP of International Bus.)


Recognition and Awards
TVS Motors has won numerous awards over the years. The company has received awards such as the NDTV Car & Bike of the Year, Red Dot Design Award, NDTV Profit Business Leadership Award, Autocar India Awards, ET Now Awards, etc.

References
TVS Motor
Leadership team

Mr. K. N. Radhakrishnan M.Tech. (Pres, CEO & Additional Whole-Time Director)

Mr. Venu T. Srinivasan B. Tech., PGDM (IIM) (Chairman Emeritus & MD)

Mr. K. Gopala Desikan B.Com. A.C.A. (Group Chief Financial Officer)

Products/ Services
Automotive, Manufacturing, Sporting Goods
Number of Employees
1,000 - 20,000
Headquarters
Chennai, Tamil Nadu, India
Established
1979
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
TVSMOTOR.NS
Social Media
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