Tvs Automobile

We want to be a top 25 company globally: TVS Supply Chain Solutions MD

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

Confident of outperforming industry in domestic, global markets: TVS Motor

TVS Motor Company expects to grow faster than the competition across domestic and international markets this fiscal riding on the back of new product launches and strengthening of operations across key regions, according to CEO KN Radhakrishnan. He noted that in the domestic market, the company expects growth momentum to continue with normal monsoons likely to add strength to the rural markets. In international markets, Radhakrishnan exuded hope to perform better in key markets like Africa this year while expanding operations in other regions like the Middle East and Latin America. "Our strong product portfolio; our unwavering focus on the consumers, quality, new products and attractive quality and technology, we are confident that we will outperform the industry both in the domestic and international markets," Radhakrishnan said in an analyst call. He noted that the growth momentum is likely to be maintained with the budget focusing on employment generation, continued higher ...

Uptick in rural demand to propel two-wheeler industry: TVS Motor chairman

The domestic two-wheeler segment will continue on growth path in the current fiscal on the back of factors like normal rainfall and uptick in rural demand, according to TVS Motor Chairman Ralf Speth. Speaking at the company's annual general meeting (AGM), he noted that in partnership with BMW Motorrad, TVS will be working on design and development of additional new vehicles for the global markets. "With a young, intelligent, thriving workforce the nation is well-positioned to leverage its advantages. I am also convinced that India can benefit from major shifts in the geo-political, geo-economic, environmental and social landscape. India can go its own way. India can overtake," Speth stated. He noted that the company expects the domestic two-wheeler industry to continue to grow in FY25 on the back of strong economic indicators, including normal rainfall and uptick in rural demand. "Our focus on EVs - as one of our future growth enablers - fits perfectly with our 2030 vision," he ...

TVS Holdings to buy 80.7% stake in Home Credit India worth Rs 554.06 cr

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

TVS Supply Chain Solutions expands warehousing footprint in India

The warehousing solutions are equipped with cutting-edge technology systems and top-of-the-line material handling equipments

TVS Motor Company posts 25% jump in sales at 301,898 units in Dec

TVS Motor Company on Monday reported a 25 per cent rise in total dispatches at 3,01,898 units in December 2023. The company had sold a total of 2,42,012 units in December 2022, TVS Motor Company said in a statement. Two-wheelers sales were at 2,90,064 units in December 2023 as compared to 2,27,666 units in the same month last year, up 27 per cent, it added. Domestic two-wheeler sales grew by 33 per cent at 2,14,988 units in December 2023 as against 1,61,369 units in December 2022. Motorcycle sales rose by 19 per cent to 1,48,049 units last month as compared to 1,24,705 units in December 2022, while scooter clocked sales of 1,03,167 units as against 76,766 units in the year-ago month, a growth of 34 per cent. TVS Motor Co said it sold 11,232 units of iQube electric scooter in December 2023 as against sales of 11,071 units in the same month last year. Three-wheeler sales were at 11,834 units last month as compared to 14,346 units in December 2022, it added. Total exports were at

Two-wheeler majors TVS, Bajaj Auto close the gap with startups in EV game

Bajaj Auto has virtually closed the gap with Ather Energy in September, notching up 6423 EV registrations compared to 6466 registrations by Ather as on Thursday

TVS Motor announces India's first racing tournament for electric 2-wheelers

Event will be exclusively for company's Apache RTE motorcycles that will make debut

TVS Supply Chain Solutions posts net loss of Rs 65 crore in first quarter

Expansion in existing engagements and new business development drove revenue growth. During the quarter, the company commenced a seven-year transformational engagement with Centrica PLC

TVS Supply Chain public issue on August 10, price band set at Rs 187-197

The total issue size is set at Rs 880 crore, including fresh issue aggregates up to Rs 600 crore, and an offer for sale of 14.23 million equity shares

Brakes India to clock 15-20% growth in revenue this FY, says MD Sriram Viji

According to a report by Crisil recently, Brakes India derives 23 per cent of its total revenue from exports in the brakes and foundry divisions

Auto aftermarket firm myTVS raises Rs 203 cr in funding from Lingotto

Company earlier got Rs 487 cr from Castrol India for business and technology collaborations

Castrol India to acquire 7.09% stake in TVS Automobile Solutions' arm

Lubes maker Castrol India Limited (CIL) on Friday said it will acquire a 7.09 per cent stake in TVS Automobile Solutions' digital subsidiary Ki Mobility Solutions with a planned investment of Rs 487.5 crore in an all-cash deal. With this strategic investment, CIL aims to expand its presence in service and maintenance for both internal combustion engine (ICE) and electric vehicles (EV) and leverage myTVS' digital and operational capabilities, a release said. Besides, the partnership will also offer potential for Castrol and KMS to collaborate and partner in select markets beyond India, it stated. This collaboration will leverage each other's strengths and expand the domestic automotive aftermarket ecosystem via 'myTVS', KMS's digitally integrated multi-brand service platform for two- and four-wheelers, it added. "CIL will acquire a 7.09 per cent stake in KMS with a planned investment of up to Rs 487.5 crore," said the release. CIL's existing presence in service and maintenance incl

TVS Motor sales up by 2% in October, sells over 300,000 units

Domestic two-wheeler sales registered growth of 7 per cent increasing from 258,777 units in October 2021 to 275,934 units in October 2022

TVS to bet on electric vehicles; to come up with 5-25-kW products

TVS Motor Company is coming up with multiple products in the two- and three-wheeler segments

TVS Motor Company's two-wheeler exports clock 1 million units in 2021-22

The key exports include the TVS Apache series, TVS HLX series, TVS Raider, and TVS Neo series.

Ki Mobility test drives an O2O model for EVs, conventional automobiles

Industry experts point out that this unique model could be a challenge or an opportunity for the company in the coming days as there is no successful model to follow

TVS Automobile's Ki Mobility Solutions forays into electric vehicles

Ties up with eight EV manufacturers, including Okinawa and Boom Motors

TVS Srichakra forays into Indonesian market with Eurogrip range of tyres

The manufacturer of two and three-wheeler tyres, TVS Srichakra, on Tuesday announced its foray into the Indonesian market, with the Eurogrip range of tyres

Top headlines today: Misty's exit valuation, auto aftermarket, and more

Here are the top business headlines on Tuesday morning