Ralf Speth, ex-CEO of JLR, to take over as TVS Motor chairman in 2023

Venu Srinivasan says Speth, an industry veteran, will mentor company in its international plans.

Venu Srinivasan, who built TVS Motor Company, since 1980, into one among the top five global manufacturers of two- and three-wheelers, has decided to step down as chairman in January 2023.

He will be replaced by Ralf Speth, former chief executive officer of Jaguar Land Rover.

Speth joined the company’s board on Thursday.

While Srinivasan will become chairman emeritus, Speth will “mentor” TVS Motor, which is eyeing around 20 per cent of its sales from premium products and is planning to expand its premium brand in North America and Europe as part of its vision to be among the top