TVS Motor Company
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| Public company | |
| Traded as | : , : TVSMOTOR |
| Industry | Automotive |
| Founded | 1978 |
| Founder | T. V. Sundaram Iyengar |
| Headquarters | Chennai , Tamil Nadu, India |
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Number of locations
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4 two wheeler and 1 three wheeler plants |
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Key people
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Venu Srinivasan (Chairman & Managing Director) |
| Products | Motorcycles, scooters, three-wheeler vehicles and spare parts |
| Revenue | ₹115.16 billion (US$1.7 billion) (2016) |
| ₹4.44 billion (US$66 million) (2016) | |
| Profit | ₹3.28 billion (US$49 million) (2016) |
| Total assets | ₹49.22 billion (US$730 million) (2016) |
| Total equity | ₹15.83 billion (US$240 million) (2016) |
| Parent | Sundaram - Clayton Limited |
| Website | www |
TVS Motor Company is the third largest two-wheeler manufacturer in India, with a revenue of Rs.11,516 Cr ($1.7 billion) in 2015-16. It is the flagship company of the Rs. 40,000 Cr ($6 billion, in 2014-15) TVS Group. The company has an annual sales of 2.5 million units and an annual capacity of over 3 million vehicles. TVS Motor Company is also the 2nd largest exporter in India with exports to over 60 Countries.
TVS Motor Company Ltd (TVS Motor), member of the TVS Group, is the largest company of the group in terms of size and turnover, with more than 2.8 crore (28 million) customers riding a TVS bike.
TVS was established by Mr TV Sundaram Iyengar. He began with Madurai's first bus service in 1911 and founded T.V.Sundaram Iyengar and Sons Limited, a company in the transportation business with a large fleet of trucks and buses under the name of Southern Roadways Limited. When he died in 1955, his sons took the company ahead with several forays in the automobile sector, including finance, insurance, manufacture of two-wheelers, tyres and components. The group has managed to run 97 companies that account for a combined turnover of nearly $6 billion.
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 1978, 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, Southern 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 1982. Commercial production of motorcycles began in 1984.
TVS and Suzuki shared a 19-year-long relationship that was aimed at technology transfer, to enable 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 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 & Two-Wheeler Manufacturer of the Year at NDTV Car & Bike Awards (2014–15)
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