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TVS Motor Company

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TVS Motor Company Limited
Company typePublic
IndustryAutomotive
Founded1911;113 years ago(1911)as T. V. Sundram Iyengar & Sons Limited
FounderT. V. Sundram Iyengar
Headquarters
Chennai,Tamil Nadu
,
India
Number of locations
4 two-wheeler and 1 three-wheeler plants
Area served
Worldwide
Key people
Products
Services
RevenueIncrease₹39,145 crore(US$4.7 billion) (FY24)[3]
Increase₹2,746 crore(US$330 million) (FY24)[3]
Increase₹1,686 crore(US$200 million) (FY24)[3]
Total assetsIncrease₹27,072 crore(US$3.2 billion) (2022)[4]
Total equityIncrease₹4,399 crore(US$530 million) (2022)[4]
OwnerTVS Holdings(50.26%)[5]
Number of employees
5,133 (2020)[4]
ParentTVS Group
SubsidiariesNorton Motorcycle Company(100%)
Websitewww.tvsmotor.comEdit this at Wikidata

TVS Motor Company(commonly known asTVS) is an Indianmultinationalmotorcyclemanufacturer headquartered inChennai.It is the third-largest motorcycle company in India by revenue. The company has annual sales of three million units and an annual production capacity of over four million vehicles. TVS Motor Company is also the second largest two-wheeler exporter in India with exports to over 60 countries.

TVS Motor Company is the flagship company of theTVS Group,being the largest company of the group in terms of valuation and turnover.

History

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T. V. Sundram Iyengarbegan 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 history

Sundaram 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 atHosurin 1976, to manufacturemopedsas 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 andSuzuki Motor Corporation,in 1987. Commercial production of motorcycles began in 1989.[6]

Suzuki relationship

TVS 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-monthmoratoriumperiod during which Suzuki promised not to enter the Indian market with competing two-wheelers.

Recent
TVS Apache RR 310is their latest 310 cc motorcycle
TVS Scooty Streak – one of the discontinued scooters ofScootyseries
TVS also competes in theautorickshawsegment

Recent launches include the flagship modelTVS 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 (2014–15).

In early 2015, TVS Racing became the first Indian factory team to take part in theDakar Rally,the world's longest and most dangerous rally. TVS Racing partnered with French motorcycle manufacturerSherco,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 theBMW G310R,a model co-developed withBMW Motorradafter 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.[7]

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.[8]

On 17 April 2020, TVS Motor Company acquiredNorton Motorcycle Companyin an all cash deal. In the short term, they continued production ofNorton 961 Commandomotorcycles atDonington Parkusing existing staff.[9]The Donington factory has closed, and production of the uprated 961 is carried out at Solihull.[10][11]

TVS in Nepal

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Jagdamba Motors Pvt. Ltd. has been the official distributor of TVS Motors in Nepal since 15 September 2015 and operates under the Shanker Group. It is the 5th largest market share holder in Nepal. In 2018, it introduced the dual-channel ABS Apache RR310 whereas the 2019 Apache RR310 received upgrade. Later in 2022, the company debuted TVS Max 125 Semi-Trail and the Apache 160 2V with Apache RTR 200 4V. After mid-2023 the Raider 125 was launched. TVS introduced the Ronin 225 and Apache RTR 160 4V Special Editions bikes in the beginning of 2024.[12]

Current models

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  • TVS Apache RR 310
  • TVS Apache
    • TVS Apache RTR 310
    • TVS Apache RTR 200 4V
    • TVS Apache RTR 160 4V
    • TVS Apache RTR 160
    • TVS Apache RTR 180
    • TVS Apache RTR 165RP
  • TVS Ronin 225
  • TVS Raider 125
  • TVS Radeon
  • TVS Sport
  • TVS Star City Plus[13]
  • TVS iQube
    • TVS iQube S
    • TVS iQube ST
  • TVS X
  • TVS Scooty
    • TVS Scooty Pep+
    • TVS Scooty ZEST 110CC
  • TVS Jupiter 110CC
  • TVS Jupiter 125CC
  • TVS Ntorq 125
  • TVS XL100
    • TVS XL100 Comfort
    • TVS XL100 Heavy Duty
    • TVS XL100 Comfort i-TOUCH start
    • TVS XL100 Heavy Duty i-TOUCH start
    • TVS XL100 Win Edition
  • TVS King Deluxe
  • TVS King Duramax
  • TVS King Kargo

Awards and recognitions

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TVS Motor won theDeming Application Prizein 2002.[14]

In the same year, the work done for the TVS Victor motorcycle made TVS Motor win the National Award for successful commercialization of indigenous technology from the Technology Development Board,Ministry of Science & Technology,Government of India.[15]In 2004, TVS Scooty Pep won the 'Outstanding Design Excellence Award' fromBusinessWorldmagazine and theNational Institute of Design,Ahmedabad.

The effective implementation ofTotal Productivity Maintenancepractices gave TVS Motor the TPM Excellence Award, given by the Japan Institute of Plant Maintenance in 2008.

The company's Chairman Emeritus,[16]Venu Srinivasan,was conferred with an honoraryDoctorate of Sciencedegree by theUniversity of Warwick,United Kingdomin 2004,[17]while the Government of India honoured him withPadma Shri,one of India's highest civilian distinctions in 2010.[18]

Innovative implementation ofInformation Technologyhas won TVS Motor the Ace Award for Most InnovativeNetWeaverImplementation in 2007, awarded by technology majorSAP AG,and the Team Tech 2007 Award of Excellence for Integrated use ofComputer-aided engineeringTechnologies.

Himalayan Highs,an initiative launched by TVS Motor Company has been included in the India Book of Records when Anam Hashim became the first woman on a 110 cc scooter to complete the trip to Khardung La, the world's highest motorable stretch.

During an episode ofThe Grand Tour,Richard Hammond bought a brand new TVS Star HLS 100 cc "for £800" and used it to complete theFeed the worldchallenge, transporting fish 200 miles fromMaputoto Bingo. During the journey, the bike performed beyond the presenter's expectations, prompting the normally motorbike-critical Clarkson to comment, "ThatEwan McGregortravelled the world on aBMW GS– why didn't he just get one of these? "

See also

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References

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  1. ^"TVS appoints Ralf Speth as chairman; Venu Srinivasan to continue as MD".8 February 2022.
  2. ^"Sudarshan Venu elevated as new Managing Director of TVS Motor".5 May 2022.
  3. ^abc"TVS Motor Q4 result: Net profit up 15% to Rs 387 cr, revenue jumps 25%".Business Standard.Retrieved12 May2024.
  4. ^abc"TVS Motor Company Ltd. Financial Statements".moneycontrol.com.
  5. ^"Sudarshan Venu appointed as MD of TVS Holdings".Financial Express.12 September 2023.Retrieved11 April2024.
  6. ^"Sundaram Clayton Company History".Moneycontrol. 1 January 2005.Retrieved28 September2010.
  7. ^Sharma, Amit (13 December 2018)."TVS Rolls Out 50,000 Unit of The BMW G310R and G310 GS".India Car News.Retrieved21 December2018.
  8. ^"TVS Apache RR 310 BS-VI Price, Features, Specifications and Colours".
  9. ^"Norton Motorcycles SOLD to Indian giant TVS for £16million".17 April 2020.
  10. ^MCN review 2023-[1]
  11. ^Staffordshire life review[2]
  12. ^Shrestha, Sushmita (6 March 2024)."TVS Motors In Nepal | Everything You Need To Know [2024 Update] - Engine Gaadi".Retrieved7 March2024.
  13. ^Chitte, Shubham (4 May 2023)."Which engine oil is most suitable for TVS Star City Plus?".Supergen Engine Oils.Retrieved11 May2023.
  14. ^"TVS Motor bags Deming award".
  15. ^ "Mitsubishi, sole agents for Valvoline car care products".Sunday Observer. 3 August 2003.Archivedfrom the original on 11 October 2012.Retrieved2 August2010.
  16. ^"TVS appoints Ralf Speth as chairman; Venu Srinivasan to continue as MD".Moneycontrol.8 February 2022.Retrieved6 May2022.
  17. ^ Das, Swati (16 July 2004)."Warwick's doctorate to Venu Srinivasan".Times of India.Retrieved2 August2010.
  18. ^ "Padma Shri for Venu Srinivasan".The Hindu BusinessLine. 25 January 2010. Archived fromthe originalon 3 June 2010.
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