Company type | Public |
---|---|
Industry | Automotive |
Founded | 1978 |
Founder | T. V. Sundram Iyengar |
Headquarters | , India |
Number of locations | 4 two-wheeler and 1 three-wheeler plants |
Area served | Worldwide |
Key people |
|
Products | |
Services | |
Revenue | ₹24,388 crore (US$3.1 billion) (2022) [3] |
₹1,064 crore (US$130 million) (2022) [3] | |
₹728 crore (US$91 million) (2022) [3] | |
Total assets | ₹27,072 crore (US$3.4 billion) (2022) [3] |
Total equity | ₹4,399 crore (US$550 million) (2022) [3] |
Number of employees | 5,133 (2020) [3] |
Parent | Sundaram - Clayton Limited (57.40%) |
Subsidiaries | Norton Motorcycle Company (100%) |
Website | www |
TVS Motor Company (commonly known as TVS) is an Indian multinational motorcycle manufacturer headquartered in Chennai. It is the third-largest motorcycle company in India in terms of revenue just after the Hero Motorcorp and Honda Motorcyle and Scooter India (HMSI). 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 the TVS Group, being the largest company of the group in terms of valuation and turnover. The logo for TVS Motor Company features a red horse.
T. V. Sundram 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.
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 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. [4]
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-month moratorium period during which Suzuki promised not to enter the Indian market with competing two-wheelers.
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 (2014–15).
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. [5]
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. [6]
On 17 April 2020, TVS Motor Company acquired Norton Motorcycle Company in an all cash deal. In the short term, they continued production of Norton 961 Commando motorcycles at Donington Park using existing staff. [7] The Donington factory has closed, and production of the uprated 961 is carried out at Solihull. [8] [9]
Jagdamba Motors Pvt. Ltd. has been the official distributor of TVS Motors in Nepal since 15th September 2015 and operates under the Shanker Group. As the distributor of TVS, a renowned Indian two-wheeler manufacturer with a legacy dating back to 1979, Jagdamba Motors has played a pivotal role in establishing TVS as a prominent player in the Nepalese market. The brand's diverse product portfolio, spanning Motorcycles, Scooters, Mopeds, and Auto Rickshaws, includes the popular TVS Apache RTR model and Jupiter, contributing to its position as the 5th largest market share holder in Nepal. Similarly, in 2018, it introduced the dual-channel ABS Apache RR310 whereas the 2019 Apache RR310 received upgrade. Later in 2022, the company quietly debuted TVS Max 125 Semi-Trail and the Apache 160 2V with Apache RTR 200 4V offered sportier graphics and wider tires. After mid-2023 the Raider 125 with BS6 features and a carburetor engine was launched while just recently, TVS introduced the Ronin 225 and Apache RTR 160 4V Special Editions bikes in the beginning of the 2024. [10]
It was the first Indian company to deploy a catalytic converter in a 100 cc motorcycle and the first to indigenously produce a four stroke motorcycle. The list of firsts from the firm include:
TVS Motor won the Deming Application Prize in 2002. [12]
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. [13] In 2004, TVS Scooty Pep won the 'Outstanding Design Excellence Award' from BusinessWorld magazine and the National Institute of Design, Ahmedabad.
The effective implementation of Total Productivity Maintenance practices gave TVS Motor the TPM Excellence Award, given by the Japan Institute of Plant Maintenance in 2008.
The company's Chairman Emeritus, [14] Venu Srinivasan, was conferred with an honorary Doctorate of Science degree by the University of Warwick, United Kingdom in 2004, [15] while the Government of India honoured him with Padma Shri, one of India's highest civilian distinctions in 2010. [16]
Innovative implementation of Information Technology has won TVS Motor the Ace Award for Most Innovative NetWeaver Implementation in 2007, awarded by technology major SAP AG, and the Team Tech 2007 Award of Excellence for Integrated use of Computer-aided engineering Technologies.
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 of The Grand Tour, Richard Hammond bought a brand new TVS Star HLS 100 cc "for £800" and used it to complete the Feed the world challenge, transporting fish 200 miles from Maputo to Bingo. During the journey, the bike performed beyond the presenter's expectations, prompting the normally motorbike-critical Clarkson to comment, "That Ewan McGregor travelled the world on a BMW GS – why didn't he just get one of these?"
Syarikat Motosikal dan Enjin Nasional Sdn. Bhd, or known as Modenas for short is a Malaysian national motorcycle company producing various small motorcycle models below 400cc targeted for local market and export. The company's headquarters and factory are located at the small town of Gurun, Kedah, Malaysia.
Derbi is a manufacturer of motorcycles, scooters, mopeds and recreational all-terrain vehicles produced by Nacional Motor S.A.U., a Spanish subsidiary of Piaggio & Co. SpA.
The automotive industry in India is the fourth-largest by production in the world as per 2022 statistics. As of 2023, India is the 3rd largest automobile market in the world in terms of sales. In 2022, India became the fourth largest country in the world by the valuation of its automotive industry.
A fuel gas-powered scooter is a scooter powered by fuel gas. Fuel gases include such fuels such as liquefied petroleum gas (LPG), compressed natural gas (CNG), biogas and hydrogen (HICE). Hydrogen use in two-wheelers has only recently being started to be looked into, mainly by developing countries, to decrease local pollution at an affordable cost.
LML was an Indian scooter and motorcycle manufacturer formerly based in Kanpur, Uttar Pradesh.
The Auto Expo is a biennial automotive show held in Greater Noida, NCR, India.
The TVS Apache is a brand of motorcycle made by TVS Motors since 2006. As of 2020, more than 4 million Apaches are on the road. Currently the company sells six variants of the TVS Apache. The differences between each variant being the engine displacement, the options on offer and performance characteristics. The abbreviation 'RTR' in the names of the motorcycles refer to 'Racing Throttle Response'.
A scooter is a motorcycle with an underbone or step-through frame, a seat, a transmission that shifts without the operator having to operate a clutch lever, a platform for the rider's feet, and with a method of operation that emphasizes comfort and fuel economy. Elements of scooter design were present in some of the earliest motorcycles, and motor scooters have been made since at least 1914. More recently, scooters have evolved to include scooters exceeding 250cc classified as Maxi-scooters.
The TVS Scooty is a brand of Scooters made by TVS Motors of India. It is marketed mainly to women, and in 2009 was the largest selling brand among scooters aimed specifically at women buyers, selling about 25,000 units per month, compared to about 60,000 per month for the overall top selling scooter in India.
Venu Srinivasan is an Indian industrialist. He is Chairman Emeritus of TVS Motor Company, one of the leading manufacturers of two-wheelers in the world and Sundaram-Clayton Limited, a leading manufacturer of auto components in India. He also serves on the board of Tata Sons Ltd., the holding company of the conglomerate the Tata Group and TVS & Sons. He is a Director on the Central Board of Reserve Bank of India. He is also Vice Chairman of Tata Trusts. Tata Trusts holds 66% of the equity capital of Tata Sons. He was conferred the Padma Bhushan Award, the third Highest civilian award in India, in January 2020.
TVS Wego is a scooter manufactured by TVS Motor Company. It is a unisex, dual usage scooter and was introduced in 2010. After releasing several variants of TVS Scooty, the company entered the higher-end segment of the scooterette market by introducing Wego.
A sport moped is a moped that resembles a sport bike and often performs better than standard mopeds. They were created to circumvent UK legislation, called the "Sixteeners Laws", aimed at taking young motorcycle riders off the road. The new laws, introduced in 1971 by Conservative Party Minister for Transport John Peyton, forbade 16-year-olds from riding motorcycles of 250 cc (15 cu in) capacity, thus limiting them to 50 cc machines until they turned 17.
TVS Jupiter is a variomatic scooter launched in September 2013 by India's TVS Motor Company. The launch of the scooter marked the company's entry into the part of the market that mainly targets females. This Variomatic Scooter is launched as a rival for Honda Activa.
The BMW G 310 R is an entry-level standard motorcycle developed jointly by BMW and TVS Motor Company of India. It is BMW's first, modern, low-end, sub-300 cc, beginner motorcycle sold under the BMW Motorrad brand. It debuted in November 2015 with global sales beginning in 2018.
TVS One Make Championship is an annual motorcycling event conducted by TVS Motor Company. The championship is conducted in five rounds organized at Madras Motor Race Track, Kari Motor Speedway and Buddh International Circuit. The One Make Championship is approved by the Federation of Motor Sports Clubs of India (FMSCI).
The TVS Apache RR 310 is a sport bike made by the TVS Motor Company in collaboration with BMW Motorrad that was launched in India on December 6, 2017. It uses a 312.2cc single-cylinder, four-stroke, SI, liquid-cooled, DOHC reverse inclined engine. It is rebadged by BMW Motorrad as G310 RR.
TVS Ntorq 125 is a motor scooter manufactured by TVS Motor Company in India. It is powered by a single cylinder, four stroke, 3 valve, TVS and delivers 6.9 kW at 7500 rpm. The scooter delivers a pick-up of 0 to 60 km/h in 6.5 seconds. The scooter 125 requires approximately 800 ml of engine oil. The scooter has a top speed of 95 km/h as per the manufacturer. It is TVS’ first 125 cc scooter with connectivity - Bluetooth enabled.
The BMW G 310 GS is a light-weight dual-sport motorcycle developed jointly by BMW and TVS Motor Company of India. It is a sister model of the BMW G 310 R.