TVS Motor Company reported sales of over 4.7 million two-wheelers and three-wheelers and revenue of INR 362.51 billion for the financial year 2024-25, reflecting a 14% growth compared to INR 317.76 billion in 2023-24. The company’s operating EBITDA margin for the year improved by 120 basis points to 12.3%, while profit before tax (PBT) rose […]
TVS Motor Company announced that its wholly owned subsidiary, TVS Motor (Singapore) Pte Ltd, has divested its stake in ION Mobility Pte. Ltd., a Singapore-based electric vehicle company. In exchange, TVS has acquired certain identified assets from ION Mobility for a net cash consideration of approximately USD 1.75 million. According to financial disclosures, ION Mobility […]
TVS Supply Chain Solutions Limited has announced the appointment of R Vaidhyanathan as its new Global Chief Financial Officer (CFO), effective April 1, 2025. The decision was approved by the company’s board of directors. Vaidhyanathan, currently serving as Deputy Global CFO, will be based in Chennai and report to Managing Director Ravi Viswanathan. Raviprakash Bhagavathula, […]
Lucas TVS is expanding its electric vehicle (EV) battery pack production and plans to enter the energy storage sector. The company, through its subsidiary TVS Indeon Ltd, operates a battery pack manufacturing facility in Thervoy Kandigai, Gummidipoondi, near Chennai, which began production in 2024. The facility currently has a capacity of 1,500 battery packs per […]
TVS Motor Company has announced plans to invest ₹2,000 crore in Karnataka over the next five years, focusing on production expansion and the establishment of a global capability centre in Mysuru. According to a press release issued by the company, the investment agreement was signed with the Karnataka government as part of the Global Investors […]
Ezz LCV, the authorized distributor for TVS Motor Company in Egypt, has inaugurated a new assembly line in Giza to bolster local manufacturing of TVS two-wheelers. The project represents an investment of approximately $6.5 million (around ₹54 crore) and is expected to achieve an annual production capacity of 100,000 units. The facility will manufacture key […]
Hyundai Motor Company and TVS Motor Company have announced plans to explore a partnership aimed at developing electric three-wheelers and micro four-wheelers for the Indian market. The announcement was made at the Bharat Mobility Global Expo 2025, where Hyundai also showcased concept models of these vehicles. According to the press release, the collaboration seeks to […]
TVS Industrial & Logistics Parks (TVS ILP) has announced the acquisition of 20 acres of land in Pithampur Sector 7 from the Madhya Pradesh Industrial Development Corporation (MPIDC). The company plans to invest Rs 200 crore in the construction of a logistics park aimed at meeting growing demand for warehousing space in the region. The […]