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About TVS Motor Company

History

TVS Motor Company, one of India's leading two-wheeler manufacturers, has a rich history that spans several decades. The company's journey began in 1982, when it was incorporated as Indian Motorcycle Pvt. Ltd. Initially named Indo Suzuki Motorcycles Pvt. Ltd., the company underwent a name change and became a public limited company on January 12, 1984, with the new name TVS Suzuki Ltd. Mr. N. Krishnan promoted this venture in collaboration with Suzuki Motor Co. Ltd., Japan, and Sundaram-Clayton, Ltd., who held a significant stake. In 1986, the company acquired the moped division assets from Sundaram Clayton Ltd., leading to a name change to TVS Suzuki Ltd. Later, in 1988, it received a letter of intent to manufacture 20,000 outboard motors and 30,000 internal combustion engines annually. The company faced challenges in 1990 due to labour unrest, resulting in a lockout. Throughout the 1990s, TVS Suzuki Ltd. continued to expand its product portfolio, launching new models of motorcycles and mopeds. The company also explored the feasibility of opening a second plant to meet growing demand. In 1996, TVS Suzuki Ltd. focused on increasing production to meet rising market demands. The year 1997 marked a significant development as TVS-Suzuki planned to set up an auto ancillary estate through a joint venture. The company expanded further, launching new models and restructuring its vendor base to support future growth. In 1998, TVS Suzuki Ltd. achieved a turnover of over ₹1,000 crores and became the first company in India to introduce a 4-stroke scooter. In 2000, the company was listed on the NSE and BSE. In 2001, the joint venture between the TVS group and Suzuki Motor Corporation concluded, with the TVS group acquiring the 25.97% stake held by Suzuki Motor Corporation. The company continued to innovate and introduce new models, such as the Suzuki Fiero and TVS Victor. The years following 2000 saw TVS Motor Company introducing various products, including scooters, motorcycles, and a special cell to tap into the institutional segment. In 2016, TVS Motor launched the Apache RTR 200 in Indonesia, marking its entry into the super-premium motorcycle segment. In 2020, TVS Motor Company acquired Norton Motorcycles, a historic British motorcycle brand. It later launched the TVS iQube Electric Scooter and the all-new TVS RONIN, an industry-first modern-retro motorcycle.

Business Segments

The company offers a wide range of products across various segments, catering to the diverse needs of customers.

Scooters: TVS is a renowned manufacturer of scooters in India. The company's scooter range includes popular models like the TVS Jupiter, TVS NTorq, and TVS Scooty Zest. These scooters are known for their fuel efficiency, comfort, and stylish design.
Motorcycles: TVS also offers a comprehensive range of motorcycles, catering to various segments, from commuter bikes to performance motorcycles. Popular models include the TVS Apache RTR series, TVS Victor, and TVS Star City. These motorcycles are known for their reliability, performance, and value for money.
Mopeds: TVS is a pioneer in the moped segment in India. The company's mopeds are known for their affordability, fuel efficiency, and ease of use. Popular models include the TVS XL Super Heavy Duty and TVS XL 100.
Electric: TVS is committed to sustainable mobility and has a growing presence in the electric two-wheeler segment. The company's electric scooters, such as the TVS iQube and TVS Creon, are gaining popularity due to their eco-friendly credentials and performance.
Three-wheelers: TVS is also a major player in the three-wheeler segment in India. The company offers a range of three-wheelers for both passenger and cargo transportation. Popular models include the TVS King, TVS Autorickshaw, and TVS Magic.
Automobile parts: TVS Motor Company is a leading manufacturer of automobile parts, and the company supplies components to a wide range of customers, including other two-wheeler manufacturers and original equipment manufacturers (OEMs).
Services: TVS Motor Company offers a range of after-sales services, including vehicle servicing, spare parts, and roadside assistance.

Subsidiaries of TVS Motors Company Limited

Sundaram Auto Components Limited: Sundaram Auto Components Limited is a leading manufacturer of precision-engineered components for the automotive industry. The company has a strong presence in India and exports its products to over 25 countries. SCL supplies various components, including brake linings, clutch plates, and gaskets. The company is known for its high-quality products and its commitment to innovation.
TVS Housing Limited: It is a developer of affordable housing projects in India. The company has a strong track record of delivering high-quality projects on time and within budget. The company is committed to providing affordable housing solutions to meet the growing needs of India's urban population.
TVS Motor Services Limited: TVS Motor Services Limited is a leading provider of after-sales services for two-wheelers and three-wheelers in India. The company has a network of over 4,500 service outlets across India. The company offers various services, including vehicle servicing, spare parts, and roadside assistance. The company is known for its high-quality customer service and commitment to customer satisfaction.
TVS Electric Mobility Limited: TVS Electric Mobility Limited (TVS EML) is a leading manufacturer of electric two-wheelers and three-wheelers in India. The company has a range of products designed for both urban and rural use. TVS EML is committed to developing sustainable and eco-friendly transportation solutions. The company is a pioneer in the Indian electric vehicle industry.