TVS Motor leverages the power of tech through investments in start-ups

Firm has invested $16.57 mn in enterprises engaged in analytics, AI, augmented reality, machine learning and IoT, seeking to leverage these technologies and improve its efficiency and product quality

Automotive major TVS Motor is betting big on several next-generation technologies that are directly relevant to its business. The Chennai-headquartered company, through its wholly-owned subsidiary TVS Motor (Singapore) Pte Limited invested around $16.57 million last financial year in several new age start-ups engaged in areas like analytics, artificial intelligence, augmented reality, machine learning and Internet of Things (IoT). The idea is to leverage these technologies to improve its efficiency and product quality, and address real-life business challenges, going forward. 

TVS Motor’s investments are focused on automotive and fintech industries that are direct relevant to the company and its subsidiaries. Apart