TVS Motor
#1163
Rank
$15.59B
Marketcap
India
Country
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)
Summary
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
Vision
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
References
https://en.wikipedia.org/wiki/TVS_Motor_Company
https://in.investing.com/equities/tvs-motor-company
https://finance.yahoo.com/quote/TVSMOTOR.NS/profile?p=TVSMOTOR.NS
https://www.tvsmotor.com/en/About-Us/Company-Vision
https://www.crunchbase.com/organization/tvs-motor-company
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)