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Hero MotoCorp in crisis? Market share drops as rivals rapidly close the gap

Hero MotoCorp faces mounting challenges as market share declines, sales dip, and rivals like TVS and Honda gain ground. Leadership exits and EV struggles add to the pressure

Hero MotoCorp in crisis? Market share drops as rivals rapidly close the gap
Updated On : 14 Feb 2025 | 12:57 PM IST

TVS Credit Services raises equity capital of Rs 480 cr from Premji Invest

Non-banking finance company TVS Credit Services Ltd has successfully raised equity capital of Rs 480 crore from Premji Invest to fuel its growth plan including advancing its digitisation journey, the city-based company said on Saturday. Premji Invest, the investment arm of Wipro founder Azim Premji's endowment, would pick up 9.7 per cent equity stake in TVS Credit for Rs 737 crore as part of the transaction via a combination of primary and secondary investments. The primary capital raised would be utilised to further strengthen the efforts of TVS Credit in expanding its customer base in new markets, increasing the channel partner network, and advancing its digitisation journey. With this infusion of capital, the company aims to accelerate its mission of fulfilling the aspirations of a growing India by providing convenient financing options, TVS Credit Services said in a statement. "TVS Credit has demonstrated exceptional performance, achieving robust and profitable growth. Within a

TVS Credit Services raises equity capital of Rs 480 cr from Premji Invest
Updated On : 10 Jun 2023 | 4:30 PM IST

TVS Credit to focus on enhancing leveraging data, technology for experience

Non-banking finance company TVS Credit Services Ltd would emphasize on enhancing customer experience, leveraging data and technology, a top official has said. The company has reported 76 per cent rise in its net profit for the quarter ending March 31, 2023 at Rs 111 crore. For the year ending March 31, 2023 the net profit grew by 221 per cent to Rs 389 crore as compared to last year. "We are closing FY23 on a strong note, with significant growth witnessed in disbursements across the products." company CEO Ashish Sapra said. "With an expanding customer base of over one crore, our emphasis will remain on enhancing the customer experience, leveraging data and technology," he said. The company had registered total income for the quarter ending March 31, 2023 at Rs 1,236 crore while for the year it was at Rs 4,160 crore. Assets Under Management as of March 31,2023 was Rs 20,602 crore, registering a 48 per cent rise over last year. In a statement, TVS Credit said it continued to maint

TVS Credit to focus on enhancing leveraging data, technology for experience
Updated On : 06 May 2023 | 12:52 PM IST

Carlyle, Premji Invest eye stake in auto loan firm TVS Credit: Report

"There are two components to this business - the older, stable motor-financing arm and the new-age loans and services, which can be an add-on growth lever," the report said citing source

Carlyle, Premji Invest eye stake in auto loan firm TVS Credit: Report
Updated On : 02 May 2023 | 1:12 PM IST

IPO-bound TVS SCS raises Rs 520 cr from Hero, Bajaj, SBI and others

Company has sought market regulator's approval to raise as much as Rs 750 cr

IPO-bound TVS SCS raises Rs 520 cr from Hero, Bajaj, SBI and others
Updated On : 01 May 2023 | 4:36 PM IST

TVS SCS extends contract with Dennis Eagle for UK aftermarket services

UK-based refuse truck manufacturer needed services for supplier management, stocking and sourcing

TVS SCS extends contract with Dennis Eagle for UK aftermarket services
Updated On : 16 Nov 2022 | 5:33 PM IST

TVS Motor Q2 net up 59% to Rs 373 cr amid slowdown, inflation roadblocks

Revenue from operations up 32% to Rs 8,561 cr; chip shortage hinders an even better show

TVS Motor Q2 net up 59% to Rs 373 cr amid slowdown, inflation roadblocks
Updated On : 04 Nov 2022 | 9:50 PM IST

Family offices bet bigger on start-ups, opt for direct investments

Direct investment or co-investing with Indian VC/PE funds in companies is increasingly catching up

Family offices bet bigger on start-ups, opt for direct investments
Updated On : 28 Jul 2022 | 10:16 PM IST

TVS Capital gets Rs 1,100 crore commitment for third round of funding

The fund plans to deploy around 20-25 per cent in the current fiscal

TVS Capital gets Rs 1,100 crore commitment for third round of funding
Updated On : 11 Jul 2019 | 3:37 AM IST

TVS Capital completes first close for its third fund, raises Rs 8.32 bn

Fund surpasses its first-close target of Rs 7 bn, targets total size of around Rs 10-12 billion

TVS Capital completes first close for its third fund, raises Rs 8.32 bn
Updated On : 22 Oct 2018 | 6:08 PM IST