TVS Motor Company has appointed Ravindran Shanmugam, a technology entrepreneur and business leader, as an independent director for a five-year term, effective May 13, subject to shareholder approval.
TVS Motor Company is strategically positioned for sustained outperformance in the domestic two-wheeler industry, propelled by increasing market share in scooters, premium motorcycles, electric vehicles (EVs), and robust export growth, according to analysts.
TVS Motor Company on Wednesday said it has partnered with connected lifestyle brand Noise for electric vehicle-smartwatch integration to enable riders to connect with their vehicles.
TVS Venu Group has agreed to acquire a minority stake of up to 9.9 per cent in Jana Small Finance Bank, including a 4.9 per cent ownership by TVS Motor Company, through a combination of primary issuance of warrants and a secondary purchase.
TVS Motor Company has been one of the best-performing two-wheeler stocks in the current financial year (FY24), enriching investors with gains of 24 per cent. Among listed two-wheeler stocks, only Hero MotoCorp has done better in this period. New launches, market share gains, steady margins and expectations that its performance will continue in FY24 are expected to support TVS Motor's stock.
Two-wheeler major TVS Motor Company Ltd on Wednesday announced the launch of two new 150 cc bikes before the end of this financial year and more investments into the R&D for development of new products.
TVS Motor couldn't hold on to its day's high of Rs 426 on Tuesday after the company reported disappointing sales for the month of March 2003.
The board of directors of TVS Motors, at its meeting held on Monday, has cleared the proposal to set up two wholly owned subsidiaries in the overseas market.
Our growth has been 42 per cent over last September
TVS Motor Company met expectations in terms of revenue and posted a strong margin performance in Q1FY25. The key drivers were material cost savings and a better mix. The domestic demand outlook looks good with a rural rebound but geopolitical uncertainties in key export markets may dent overall growth.
Two-wheeler maker TVS Motor Company on Friday said it plans to replace the two-stroke motorcycle Max with a four-stroke entry-level motorcycle within six months to arrest the erosion in sales.
For the entire 2010-11 fiscal, the company's sales jumped by 33.17 per cent to 20,46,668 units from 15,36,919 units in the previous fiscal, TVS Motor Company said in a statement.
Targeting the 'popular' segment, India's leading two wheeler major TVS Motor Company on Monday launched a 100 cc four-stroke motor cycle, with variable timing intelligent (VTi) engines, claiming to give more mileage to consumers.
TVS Motor Company Ltd is planning to introduce new models in the market during the next four months, a company official said in Kolkata.
Bajaj Auto and TVS Motor are the largest exporters in the listed space with export revenues of Rs 12,000 crore and Rs 5,000 crore.
TVS Motor did well in early trades today after the company unveiled strong Q3 results after trading hours on Monday.
Riding on an improved show across parameters, TVS Motor (TVS) outperformed larger two-wheeler peers Hero MotoCorp (Hero) and Bajaj Auto (Bajaj) during the September (Q2 of FY23) quarter. The Chennai-based firm, which has the most-diversified portfolio among two-wheeler majors, posted a 28 per cent jump in revenues. This compares to 18 per cent growth for Bajaj Auto and single-digit uptick for Hero MotoCorp.
TVS Motor Company will reveal an all-new range of motorcycles at EICMA in Milan later this year, led by the new superbike.
To develop a series of motorcycles for the 250-500 cc segment
Two-wheeler maker TVS Motor Co on Monday reported a 3.71 per cent sales rise in February 2004 to 96,408 units over 92,951 units in the same month last year and said it would launch a variant of Fiero motorcycle this month.
Motorcycle maker TVS Motor Company on Thursday said it will invest Rs 200 crore (Rs 2 billion) by April next year to increase its production capacity to 28 lakh units.
Under FAME-II, automakers provided subsidies to electric vehicle (EV) customers at the time of purchase, with the understanding that the government would reimburse the firms later.
Two-wheeler maker TVS Motors on Wednesday reported a 32 per cent growth in sales in May at 1,06,914 units compared to 80,895 units in the same month last year.
TVS Motor Company, on Wednesday, overtook Hero MotoCorp in terms of market value to become the sixth-largest automobile company on market capitalisation. he former's m-cap now stands at Rs 51,681 crore to the latter's Rs 50,951 crore. Bajaj Auto, with Rs 104,872 crore, is the only two-wheeler manufacturer in the top five. Shares of TVS have rallied 73 per cent this year while shares of Bajaj and Hero have risen only 3 per cent and 10 per cent, respectively. While sales, net profit and market share of TVS are lower than that of Bajaj and Hero, there are multiple triggers for the company.
Venu Srinivasan, CMD of TVS Motor, believes that margin pressures will continue due to raw material costs. He further states that the company hopes to maintain gross margins in FY07.
The TVS Ntorq 150 brings stronger performance, modern features and lightweight agility to India's growing performance scooter segment, discovers Rajesh Alva.
Mahindra and Mahindra (M&M) recorded the sharpest acceleration among large players, with EV retail jumping to 33,513 units from 7,139 units, an almost 5-fold jump, aided by strong demand for new launches.
The TVS Orbiter works best as a city scooter with good range and comfort, but it quickly runs out of steam on steep climbs.
TVS Motor Company Ltd has posted a net profit of Rs 324.80 million for the quarter ended December 31, 2002 as compared to Rs 106.80 million in the quarter ended December 31, 2001.
India's two-wheeler market is on the cusp of a significant transformation, with electric scooters projected to surpass motorcycles in volume terms within the next decade, driven by urbanisation, increased female workforce participation, and the accelerating shift towards electrification, according to an Equirus Securities report.
India's home-grown EV startups say the government's auto PLI scheme is helping big players while shutting out innovators building electric two- and three-wheelers from scratch.
Ola Electric is making a renewed push into the electric motorcycle market with aggressive pricing and in-house battery manufacturing, aiming to replicate its earlier success in electric scooters while addressing past quality and service issues.
Srinivasan had moved the court yesterday seeking anticipatory bail in connection with an idol theft case.
Electric passenger vehicle (PV) retail sales jumped more than twofold in September with Tata Motors (TaMo) leading the pack having over 6,000 registrations and a 40 per cent market share.
India's electric motorcycle market is experiencing significant growth, with a 28 per cent year-on-year increase in volumes, as new product launches and improved total cost of ownership attract a broader base of riders beyond early adopters.
Ola Electric Mobility Ltd is redirecting 575 crore from its initial public offering (IPO) proceeds, originally earmarked for research and product development, towards debt repayment and organic growth initiatives, signalling mounting pressure on the electric-vehicle maker.
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