Tvs

TVS Motor Company has unveiled the TVS RT-XD4 engine platform, developed at its research and development center in Hosur, a top official announced on Friday. The TVS RT-XD4 300 will be the first engine to be fully developed on this new platform. "The TVS RT-XD4 is a major milestone, the result of our focus on creating a unique and compelling TVS riding experience. Conceptualised, designed, and developed in-house at our Research and Development Centre in Hosur, the TVS RT-XD4 showcases our engineering and research capabilities," said Sudarshan Venu, Managing Director of TVS Motor Company. The newly developed engine platform features a dual overhead camshaft with a down-draft port, a dual oil pump with a split chamber crankcase, a dual cooling jacket cylinder head with a water jacket, and a dual breather system that prevents oil contamination and reduces oil consumption. "Over the last several years, TVS Motor has set benchmarks in riding excellence, driven by decades of exposure to

Electric scooter registrations for the first time crossed the 1 million mark in a year in CY 2024 and stood at 1.03 million at the end of November

Ravi Viswanathan, managing director, TVS SCS, said that the Q2 results demonstrate our ability to sustain growth momentum in both revenue and profit amid ongoing macroeconomic challenges

'We are not getting even a dollar from the price increase due to Red Sea crisis'

Leading non-banking finance company TVS Credit Services Ltd has recorded a 20 per cent rise in the profit after tax for the July-September quarter at Rs 161 crore. The company had posted a profit after tax of Rs 134 crore during the corresponding quarter of last year. For the six month period ending September 30, 2024 the profit after tax surged by 19 per cent to Rs 301 crore, as compared to Rs 252 crore registered in the same period of last financial year. Total income during the quarter under review grew by 17 per cent to Rs 1,639 crore, from Rs 1,399 crore registered in the same period of last year. For the half year ending September 30, 2024 the total income went up by 18 per ent to Rs 3,245 crore from Rs 2,748 crore registered a year ago. As of September 30, 2024 the Assets Under Management stood at Rs 26,652 crore, a growth of 13 per cent as compared to September 30, 2023. In a statement on Tuesday, the company said it continued to maintain its strong growth momentum in ...

India needs to build its "unique Indian way of progress" to position itself as a global leader and a place to go for high quality services and products, TVS Motor Company Chairman Emeritus Venu Srinivasan said on Tuesday. In his address at a symposium organised by Indian Foundation for Quality Management (IFQM), for which he is the Chairman, Srinivasan cautioned that India will continue to lag behind the world if it continued to follow other countries like Germany, the US, Japan, Korea and China. "We (India) have been one of the major economies in the world in the past. 700 years ago we contributed one quarter to the world's economy. We were a central hub of trading, dominating land routes and maritime routes both the West and East," Srinivasan said. He further said,"And from there we today find ourselves at a very low level in terms of our contribution to global trade in goods and services." Elaborating reasons behind establishing IFQM, he said it is "really not about the small Q

Fleet operators, e-commerce and quick commerce companies will be able to avail the services of myTVS, instead of buying their own vehicles

CB has been one of TVS SCS's first few clients for more than two decades, with TVS SCS offering aftermarket warehouse services in Bhaproda, Haryana for parts distribution

Leading non-banking finance company TVS Credit Services Ltd has reported a 20 per cent growth in its net profit for the April-June 2024 quarter at Rs 140.43 crore, the company said on Wednesday. The company had registered a net profit of Rs 117.26 crore during the corresponding quarter of last year. Total income during the quarter under review grew to Rs 1,606.43 crore, as compared to Rs 1,349.20 crore registered a year ago. The Assets Under Management (AUM) stood at Rs 26,351 crore as of June 30, 2024, TVS Credit Services Ltd said in a statement today. "The company continued to maintain its strong growth momentum in disbursements during Q1 FY'25 primarily driven by increase in distribution reach supported by growth in consumption and increase in penetration," the company said. TVS Credit currently serves over 1.50 crore customers till date, the statement added.

MC Japan will host employees from TVS Mobility and train them in automotive and mobility sectors

TVS Supply Chain Solutions Ltd has recorded a a consolidated profit after tax for the April-June 2024 quarter at Rs 7.5 crore driven by strong topline growth in Integrated Supply Chain Solutions and Network Solution verticals, a top official said. The city-based company part of the TVS Mobility Group had registered a net loss of Rs 5.4 crore during the corresponding quarter of last year. Commenting on the financial performance Managing Director Ravi Viswanathan said, "We had a strong first quarter, driven by topline growth in both our ISCS (Integrated Supply Chain Solutions) and NS (Network Solutions) segments. The ISCS segment continues to lead our performance supported by significant volume improvements in the NS segment." Revenue during the quarter under review grew by 4.7 per cent to Rs 2,539.4 crore from Rs 2,426.3 crore registered a year ago. Continued growth momentum in Integrated Supply Chain Solutions and improved macro-economic situation in Network Solution businesses hel

Raghavan indicated that the presence of MyTVS has the potential to reach 750 towns in the next two years, versus around 450 towns now

In July, their combined share surges past Ola's

The CNG fuel option in the commuter segment offers a reduced fuel bill for the consumer

TVS Supply Chain Solutions has secured a strategic deal with truck manufacturer Daimler Truck South East Asia to streamline its supply chain operations in the region. Daimler Truck South East Asia Pte Ltd is a company of German truck maker Daimler Truck AG. "...announced a new 5-year strategic contract with Daimler Truck South East Asia Pte Ltd, a Daimler Truck AG company, for integrated supply chain solutions service in Singapore." city-headquartered TVS Supply Chain Solutions said in a statement. The company said the deal would streamline supply chain operations for the distributor network, dealer and workshops of Daimler Truck South East Asia in 16 countries located in the Asia-Pacific region from its strategic logistics centre in Singapore. TVS Supply Chain Solutions Global Forwarding Solutions CEO Vittorio Favati said, "The scope and prestige of this partnership reflect the trust placed in TVS SCS to manage critical supply chain operations." The collaboration between the two

The company posted a 4.5 per cent year-on-year increase in revenue from operations to Rs 2,426 crore during the quarter ended March 31, 2024, as against Rs 2,321 crore in the same period last year

Japanese electronics and entertainment company Sony says it's focusing on creativity in movies, animation and video games, rather than old-fashioned gadgetry. Its chief executive, Kenichiro Yoshida, outlined the company's strategy on Thursday, saying Sony was helping creative professionals deliver what he called kando, or a moving experience. Yoshida did not speak about reports Tokyo-based Sony and Apollo Global Management are interested in buying Paramount Global. Yoshida said the company is now emphasising the creative process itself instead of prized products of the past like the Walkman portable music player and Trinitron colour TVs. He said synergies are no longer between entertainment and electronics, but determined by intellectual property spanning animation, music, games and films. We will continue to support people's creativity through our technology, he said in an online briefing. Sony is adapting to tougher times, with rivals making cheaper but competitive electronics.

2 companies will need approval from the Competition Commission and Supreme Court for deal

TVS Holdings Ltd on Friday said it will acquire 80.74 per cent stake in Home Credit India Finance Pvt Ltd for an aggregate consideration Rs 554.06 crore. The Board of Directors at its meeting held on Friday approved the acquisition of 88,09,45,401 equity shares of Home Credit India Finance Pvt Ltd (HCIFPL), amounting to 80.74 per cent stake, from Home Credit India BV, an entity based in the Netherlands and Home Credit International AS, a Czech Republic-based entity, TVS Holdings said in a regulatory filing. The aggregate consideration for the acquisition is Rs 554.06 crore, it added. Home Credit India Finance is engaged in the business of providing unsecured loans and is one of the leading players in the consumer financing market and the personal loans segment, the filing said. It had clocked a turnover of Rs 1,720 crore in 2022-2023. This acquisition aligns with the strategy of TVS Holdings Ltd to expand in the consumer finance sector, further strengthening its portfolio, the com

Work completed in modern warehouse in Hosur to ensure defect-free dispatches, says supply chain company