Bangalore-based TVS Motor Co has filed a Rs 250-crore (Rs 2.5-billion) defamation suit against Bajaj Auto Ltd in the Bombay high court, against the latter's allegation of patent infringement. Earlier, BAL alleged that TVS had copied its patented DTS-i (Digital Twin Spark plug ignition) technology in the 125 cc TVS Flame, slated to be launched in December this year.
Industry leaders on Thursday mourned the death of Ratan Tata saying with his demise India has lost a visionary who shaped its industrial and philanthropic landscape. Tata was a truly remarkable business leader who placed the country before business interests, and whose vision was truly transformational for a country and its people, TVS Motor Co Chairman Emeritus Venu Srinivasan said in a statement. "Mr Tata was a truly remarkable business leader, the likes of whom nations get only once in a century," he added.
AAERB's permission for RAPP-7 paves the way for the subsequent phases of reactor commissioning leading to its commercial electricity generation.
The way video is being watched and monetised is changing. This is the first thing that stands out as the penetration of smart TVs continues to rise.
The environment ministry is likely to soon issue regulations that will mandate automakers to recycle a specified percentage of steel from old vehicles, starting from the next financial year, according to people familiar with the matter. "We recently held a meeting with members of the Society of Indian Automobile Manufacturers (Siam). "The final regulations are likely to be issued in the next 10 days," a government source informed.
Nearly half the households in villages had a television, but only less than 10 per cent owned a refrigerator in 2011-12, as per the latest government survey.
The TVS Scooty Zest aims to lure female buyers from Hero Pleasure, Suzuki Let's and Honda Activa-i
Chennai-based two wheeler major TVS Motor Co on Friday said it would set up a motorcycle assembly plant in Colombia through a joint venture company with a local partner.
Goldman Sachs, a global investment banking and securities firm, has invested Rs 100 crore for a significant minority stake to support TVS Logistics growth plans, which include expansion, increasing its investment in joint ventures and for acquisition opportunities.
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.
The Ministry of Heavy Industries announced on Tuesday that it has received bids from seven players for the re-bidding tender of the 10 gigawatt-hour (Gwh) tranche of the Advanced Chemistry Cell (ACC) manufacturing production-linked incentive (PLI). "The list of bidders (in alphabetical order) who have submitted bids in response to this tender are ACME Cleantech Solutions, Amara Raja Advanced Cell Technologies, Anvi Power Industries, JSW Neo Energy, Reliance Industries, Lucas TVS, and Waaree Energies for a cumulative capacity of 70 Gwh," the ministry said in a statement. After the re-auctioning for the manufacturing unit was announced in January, the pre-bid meeting was held on February 12, the ministry said.
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.
The Chennai-based company is developing bikes in the range of 200cc and above to compete with Bajaj Auto's Pulsar range, which begins with the 150cc variant and ends with the 220cc model at the top of the ranks, sources, who declined to be identified, said.
Have features such as Regza engine, power bass booster, and auto signal booster.
Printer manufacturer TVS Electronics has sold off its contract manufacturing services business at Tumkur for Rs 41.12 crore (Rs 411.02 million) to Incap Contract Manufacturing Services, a 100 per cent subsidiary of Finland based Incap Corporation.
Leading automakers Maruti Suzuki, Hyundai and Tata Motors reported decline in wholesales in August as the companies curtailed vehicle dispatches amid drop in demand and to cut inventories at dealer level. Market leader Maruti Suzuki India said its total domestic passenger vehicle wholesales were at 143,075 units last month as compared to 156,114 units in the year-ago month, registering a dip of 8 per cent. Sales of mini segment cars, comprising Alto and S-Presso, declined to 10,648 units last month as against 12,209 units a year ago.
TVS Motor did well in early trades today after the company unveiled strong Q3 results after trading hours on Monday.
Venu Srinivasan, Chairman, TVS Motor Company has been conferred with a doctorate in science by Warwick University.
TVS Apache RTR 200 4VArun Mohan Nadar takes the RTR 200 4V on a 2,000 km-journey and files this long term report
Bajaj Auto's move to sue TVS comes two days after the Chennai-based company announced plans to roll out its latest 125 cc bike 'Flame' with Controlled Combustion Variable Timing Intelligent (CC-VTi) technology.
TVS Motor Company plans to ramp up its manufacturing facility at Hosur in Tamil Nadu as part of meeting "huge" demand for its scooterette Wego. The company had showcased the scooterette in November 2009.
Automobile (auto) retail sales in India grew by an impressive 14 per cent in July compared to the same period last year, driven by a surge in the rural economy, good product availability, and product launches. While passenger vehicles (PVs) saw a 10 per cent increase during this period, inventory levels have surged to a historic high of 67-72 days in PVs, equating to Rs 73,000 crore worth of stock, according to the Federation of Automobile Dealers Associations (Fada). This poses a risk to dealer sustainability. Inventory levels in July 2023 were only 50-55 days, equating to a stock worth Rs 49,833 crore. In June 2024, inventory was between 62 and 67 days, with a stock value of Rs 60,000 crore.
The BMW Roadster Concept gives us a glimpse of what to expect from the upcoming TVS-BMW bikes, likely to be launched in India next year
A slew of new products in the mid-segment line-up like Star City Plus and Victor, an agreement with global brand BMW to launch new range of bikes and a strong marketing push is what the Chennai-based automaker has up its sleeves to take on established players in the two-wheeler market.
These are the top buyers of the scrapped electoral bonds, the data for which was released by the Election Commission on Thursday.
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.
TVS Motor Company would roll out its bikes from Indonesia plant this month eyeing a first year sales of up to 90,000 units in that market amidst plans to spread its wings in the South East Asian region.
Two wheeler manufacturer TVS Motor Company recently launched a new motorcycle, StaR HLX 125, specially designed to suit riding conditions in African Continent.
'The quality of a leader should be such that even if the leader is not there, the institution carries on.'
Lakshmi Venu's induction on Sundaram Clayton's board is part of the TVS Group's larger succession plan to make way for the women in the family.
The proposed exemption in customs duty on import of lithium, cobalt and other rare minerals in the Union Budget 2024-25 is likely to lower the battery production cost and help in making electric vehicles more affordable for the buyers, auto industry leaders said on Tuesday.
TVS Motors Company Limited will launch one new model and two variants of existing models during the next financial year to increase its market share in two-wheeler segment to 22 per cent from 20 per cent at present.
Even as a court case rages over the alleged intellectual property infringement, Chennai-based TVS Motor on Thursday launched its new 125-cc motorcycle, Flame, which rival Bajaj Auto says is based on its patented twin spark plug technology.
Passenger vehicle wholesales saw a marginal growth of 4 per cent in June on account of high base effect and muted demand due to severe heatwave conditions in several parts of the country. Overall passenger vehicle dispatches last month stood at 340,784 units, a growth of 3.67 per cent compared with 328,710 units in June 2023.
Opposition to the idea of quadricycles is a story of sour grapes, says Rajiv Bajaj.
The new four-wheeler (4W) electric vehicle (EV) policy may spur the entry of global majors. The manufacturing policy cuts Customs duty to 15 per cent, given a minimum investment commitment. It calls for a minimum investment of Rs 4,150 crore (about $500 million) for making electric four wheelers (e-4Ws), with manufacturing to commence within three years of approval.
