August 28, 2025
Sudarshan Venu, Chairman of TVS Motor, called for stronger business partnerships between India and Africa at the 20th CII India Africa Business Conclave. He said such collaborations should move beyond transactional engagements and focus on long-term growth. Venu emphasised potential synergies in areas such as artificial intelligence, healthcare, and fintech, alongside Africa’s expanding customer base […]
June 5, 2025
TVS Motor Company has announced that Sudarshan Venu, currently the Managing Director, will assume the role of Chairman and Managing Director effective August 25, 2025. The decision was approved by the company’s Board of Directors at a meeting held on June 5, 2025. The current Chairman, Ralf Speth, will step down from the Board following […]
May 22, 2025
TVS Indeon, a wholly owned subsidiary of Lucas TVS, an automotive manufacturer, has entered into a partnership with Norway-based Pixii AS to expand the deployment of distributed battery energy storage systems (BESS) in India. The collaboration targets the commercial and industrial (C&I) segment, aiming to support the development of energy storage infrastructure across the country. […]
April 29, 2025
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 […]
April 1, 2025
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 […]
March 28, 2025
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, […]
March 4, 2025
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 […]
February 14, 2025
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 […]
January 27, 2025
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 […]
January 18, 2025
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 […]
