The Madras high court on Saturday restrained TVS Motor Company from manufacturing, marketing and selling its bike 'TVS Flame 125' in the ongoing patent infringement case with rival Bajaj Auto Limited.
The Freedom 125 has sold 8,310 units in October to date. This is its highest since it was launched in July and may touch close to 9,000 by the end of the month.
TVS Motor Company on Monday re-launched Flame, a 125cc motorbike, with a single-spark plug ignition system. The move comes in the wake of the Madras High Court restraining the country's third largest two-wheeler maker from making and selling Flame for using the controversial twin-spark plug system.
TVS Electronics Ltd approved the issue of 2,11,000 options conferring a right to acquire equity shares of Rs 10 under employee stock option scheme and employee stock purchase scheme at Rs 70 per option/share.
TVS was represented in court by K Parasaran, Mukul Rohtagi and Dushyant Dave, among others. C A Sundaram appeared for BAL.
Lakshmi Venu, granddaughter of T S Srinivasan (TVS) and A Sivasailam (The Amalgamations Group), is managing director of Sundaram Clayton Limited (SCL) and director of TAFE Motors and Tractors Limited (TMTL).
The company is also planning to set up a manufacturing subsidiary in one of the south Asian countries.
Bajaj Auto had accused TVS Motor of infringing its patent on DTS-i -- acronym for Digital Twin Spark Plug ignition -- in TVS Flame. TVS, in its latest 125 cc motorcycle Flame, uses CCVTi technology which Bajaj claims to be a copy of its DTS-i technology. The Pune-based two-wheeler maker uses DTS-i technology in various products including the Pulsar series of bikes.
The Pune-based company pointed out that the Chinese manufacturer Taian Chiran Machinery Co and its Sri Lankan distributor were recently instructed by a Sri Lankan court to withdraw their copy of Bajaj Pulsar with DTSi technology from the market.
Auto majors Maruti Suzuki India and Hyundai reported muted sales performance in October as the companies curtailed dispatches to dealers in order to cut inventory build up.
TVS Electronics Ltd board approved a merger with TVS eTechnology Ltd. One TVS Electronics share will be swapped for each eTech share.
At Rs 46,534 (ex-showroom, Mumbai), the Jupiter is a well rounded package offering tremendous value for money, writes Faisal Ali Khan of MotorBeam.com.
As macroeconomic numbers continue to disappoint, reaching pre-Covid level is unlikely in FY21.
The stand-off between Bajaj Auto and TVS Motor Co over the alleged patent infringement continues with both the companies sticking to their positions.
Harith sits at 13th in the overall standings after Stage 8 and third in Rally 2 class.
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.
We look beyond its good looks and premium feel.
Though academically well qualified, doesn't have enough experience, says the firm.
low-cost plans dovetail perfectly with the company's decision to make affordable new models.
Our growth has been 42 per cent over last September
Hyundai Motor India Ltd has become the country's fifth most valuable auto firm by market valuation in its debut trade on Tuesday. Shares of Hyundai Motor India Ltd, the Indian arm of South Korean automaker Hyundai, listed at Rs 1,931, reflecting a decline of 1.47 per cent against the issue price of Rs 1,960 on the BSE earlier in the day. The stock slumped 7.80 per cent to Rs 1,807.05 during the day and finally ended at Rs 1,820.40 apiece, down 7.12 per cent.
The brand new Wego is all set to take on the Honda Activa-i and the recently launched Suzuki Let's. The question is, will it be able to?
Employees were told to return to work from Monday onwards for a fresh start for improved production.
TVS Motor Company on Thursday said it would hit the Indonesian market by October 2006 with its step-thru vehicle.
The bench consisting of acting Chief Justice of Madras High Court S J Mukhopadhyaya and Justice Ibrahim Kalifula on Monday set aside the earlier order according to which TVS Motors was restrained from using the twin spark technology, which was patented by Pune-based, India's second largest two wheeler manufacturer Bajaj Auto.
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.
The company unveiled a 105-inch screen UHD TV, which it claims is the world's largest curved UHD TV.
A number of smartphone players such as Xiaomi, Samsung, LG and Micromax also have smart TVs in their product portfolio.
The new bike -- Flame SR 125 -- would be an advanced version of its existing model Flame, which has single spark CCVTi engine. Meanwhile, sources said Flame SR 125 would be available in showrooms from next week.
To develop a series of motorcycles for the 250-500 cc segment
'Price competition is fierce, with many companies selling at zero margin.' 'This pricing pressure is challenging smaller companies and will likely drive some out of the market over time.'
Although the company has shown willingness to talk to its workers and accept their key demands, it is CITU that is causing a roadblock to a solution.
The board of directors of TVS Motor Company will meet on October 17 to consider the sub-division of equity shares of Rs 10 each.
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.
Tamil Nadu -- often dubbed as India's own Detroit due to its thriving automobile manufacturing ecosystem -- is in no mood to miss the EV bus either. Recent developments attest to it. Vietnamese electric vehicle (EV) maker VinFast has promised a $2 billion plant in the southern state. And as promised earlier, the work on Tata Motors-JLR plant will kick off next week, on September 28, after the foundation stone laying ceremony.
WikiLeaks has released what it termed as the biggest-ever leak of confidential documents from the Central Intelligence Agency, claiming the America's premier spy agency partnered with foreign intelligence agencies to turn TVs and smartphones into weapons for surveillance.
A division bench of the Madras high court on Thursday suspended the interim order restraining TVS Motor from booking or selling its recently launched 125cc bike, Flame.
Leading carmakers Maruti Suzuki and Hyundai on Thursday reported a dip in wholesales in July as companies reduced vehicle dispatches to dealers amid moderation in demand. Maruti Suzuki India said its total domestic passenger vehicle sales stood at 137,463 units in July against 152,126 units in the year-ago month, down 9.64 per cent.
