Company type | Public |
---|---|
Industry | Automotive |
Founded | 1911 | as T. V. Sundram Iyengar & Sons Limited
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 | ₹39,145 crore (US$4.7 billion) (FY24) [3] |
₹2,746 crore (US$330 million) (FY24) [3] | |
₹1,686 crore (US$200 million) (FY24) [3] | |
Total assets | ₹27,072 crore (US$3.2 billion) (2022) [4] |
Total equity | ₹4,399 crore (US$530 million) (2022) [4] |
Owner | TVS Holdings (50.26%) [5] |
Number of employees | 5,133 (2020) [4] |
Parent | TVS Group |
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 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 the TVS Group, being the largest company of the group in terms of valuation and turnover.
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. [6]
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. [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 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. [9] The Donington factory has closed, and production of the uprated 961 is carried out at Solihull. [10] [11]
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]
TVS Motor won the Deming Application Prize in 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' 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, [16] Venu Srinivasan, was conferred with an honorary Doctorate of Science degree by the University of Warwick, United Kingdom in 2004, [17] while the Government of India honoured him with Padma Shri, one of India's highest civilian distinctions in 2010. [18]
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?"
The Bajaj Pulsar is a range of motorcycles manufactured by Bajaj Auto in India. It was developed by the product engineering division of Bajaj Auto in association with Tokyo R&D, and later with motorcycle designer Glynn Kerr. A variant of the bike, the Pulsar 200NS was launched in 2012, but it was suspended for some time. With average monthly sales of around 86,000 units in 2011, Pulsar claimed a 2011 market share of 47% in its segment. By April 2012, more than five million units of Pulsar were sold. In 2018, they celebrated selling over ten million Pulsars backed an exclusive TV commercial and a marquee ride to in 6 cities to write "PULSAR" on a pre-defined route. The model is also sold as Rouser under other markets, such as South America.
The Deming Prize is the longest-running national quality award and one of the highest awards in the world. It recognizes both individuals for their contributions to the field of quality and businesses that have successfully implemented exemplary systems that promote quality of goods and services. It was established in 1951 to honor W. Edwards Deming who contributed greatly to Japan’s proliferation of statistical quality control after World War II. His teachings helped Japan build its foundation by which the level of Japan’s product quality has been recognized as the highest in the world, was originally designed to reward Japanese companies for major advances in quality improvement. Over the years it has grown, under the guidance of the Japanese Union of Scientists and Engineers (JUSE) to where it is now also available to non-Japanese companies, albeit usually operating in Japan, and also to individuals recognized as having made major contributions to the advancement of quality. The awards ceremony is broadcast every year in Japan on national television.
The automotive industry in India is the world's fourth-largest by production and valuation as per 2022 statistics. As of 2023, India is the 3rd largest automobile market in the world in terms of sales.
The Auto Expo is a biennial automotive show held in Greater Noida, NCR, India.
BMW Motorrad is the motorcycle brand and division of German automotive manufacturer, BMW. It has produced motorcycles since 1923, and achieved record sales for the fifth year in succession in 2015. With a total of 136,963 vehicles sold in 2015, BMW registered a growth of 10.9% in sales in comparison with 2014. In May 2011, the 2,000,000th motorcycle produced by BMW Motorrad was an R1200GS.
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'.
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 billionaire industrialist who is the chairman emeritus of two-wheeler manufacturer TVS Motor Company and auto components manufacturer TVS Holdings. In addition, he serves on the board of Tata Sons and as one of the vice-chairmen of Tata Trusts. He received the Padma Bhushan, India's third-highest civilian award, in January 2020.
Ind-Suzuki AX 100 is a two-stroke, 98 cc motorcycle from Tvs-Suzuki. It was made in Japan, India and China.
TVS Wego is a scooter manufactured by TVS Motor Company. It is a unisex, dual usage, 110cc moto-scooter. It gets a stainless steel muffler guard, a full digital speedometer, body - coloured grab fails, blacked-out alloy wheels, and two tone colours. It 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.
Dhivya Polytechnic College was established in Chettupattu, Thiruvannamalai, Tamil Nadu, India in 2008 by 'B.Selvarajan Educational Trust' under the leadership of managing trustee Thiru. 'B.Selvarajan'.
Ralf Dieter Speth is a German automotive executive and a director of Indian company Tata Sons since 2016. From 2010 to 2020, he was the chief executive officer of Jaguar Land Rover. He has also had roles with BMW, Linde and Ford's Premier Automotive Group. Since 2022, Speth is the chairman of Indian Automaker TVS Motor Company.
TVS Holdings Ltd, formerly known as Sundaram-Clayton Ltd, is an Indian automotive components company, based in Chennai. Part of the TVS Group, it makes aluminium and magnesium castings for the automotive industry. It was the flagship company of the TVS Group before being overtaken by its subsidiary TVS Motor Company.
The BMW G 310 R is an entry-level standard motorcycle. It is BMW's first, modern, low-end, 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 the G 310 RR.
Lakshmi Venu is an Indian businesseswoman and the managing director of Sundaram-Clayton. She is an heiress to the Chennai-based conglomerate TVS Group, which was established by her great-grandfather T. V. Sundaram Iyengar.
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.
Ultraviolette Automotive is an Indian electric vehicle startup company based in Bangalore, India. it was founded by Narayan Subramaniam and Niraj Rajmohan in 2016.
Sudarshan Venu is an Indian entrepreneur and business executive, currently serving as the Managing Director of TVS Motor Company, a position he assumed in May 2022.