Tvs

TVS Motor enters Indonesian electric two-wheeler market with iQube

TVS Motor Company on Tuesday announced its foray into the Indonesian electric two-wheeler market with its all-electric scooter iQube. The company's arm PT TVS Motor has opened bookings for iQube in Indonesia at an introductory price of IDR 29.9 million (around Rs 1.6 lakh), TVS Motor Company said in a statement. "Electric vehicle (EV) adoption in the two-wheeler segment of Indonesia has seen a strong growth of 101 per cent CAGR (compound annual growth rate) in the last three years. We are pleased to partner with the government efforts on promoting EVs with a reliable, high quality product and attractive pricing in the form of TVS iQube," TVS Motor Company, Senior Vice-President ASEAN, James Chan said. The company said its electric scooter will be assembled at the PT TVS Motor Company manufacturing facility at East Karawang. "We are constantly striving to develop EV capability across our sales and after-sales network to deliver a superior customer experience," Chan added. TVS Motor

No indications of US market slowing due to tariff, says TVS SCS MD

The tally of our Fortune 500 customers increased from 78 to 91 in the last one year, Ravi Viswanathan said

Sundaram Finance Holdings Q4 results: Consolidated PAT at Rs 107.12 cr

Sundaram Finance Holdings Ltd reported a consolidated profit after tax of Rs 107.12 crore for the JanuaryMarch 2025 quarter, the company said on Friday. The Chennai-based firm had posted a profit after tax of Rs 269.32 crore in the corresponding quarter of the previous financial year. For the financial year ended March 31, 2025, consolidated profit after tax stood at Rs 412.08 crore, compared to Rs 533.14 crore in the year-ago period. In a statement, the company said the profit before tax in FY24 included a one-time gain of Rs 175.67 crore from the redemption of non-convertible redeemable preference shares of TVS Holdings Ltd. Excluding this, net profit for FY25 rose 15.28 per cent. Similarly, the profit before tax for the March 2024 quarter also included the same one-time receipt. Excluding it, net profit for the March 2025 quarter rose 14.38 per cent, the company said. Sundaram Finance Holdings primarily operates as a holding company with a portfolio of automotive businesses, ..

TVS Motor integrates ION Mobility to boost EV push in Southeast Asia

This strategic move comes as part of TVS Motor's broader "Reimagine 2030" vision to drive sustainable mobility and technological advancement in a growing market

TVS Supply Chain Solutions names R Vaidhyanathan as its Global CFO

The integrated supply chain solutions provider said in a company statement that the current Global CFO, Raviprakash Bhagavathula, will take over as the Head of Strategic Initiatives

By FY28, myTVS eyeing 12% aftermarket revenue: MD G Srinivasa Raghavan

Raghavan talks about the quick commerce roadmap, plans to raise market share, and global ambitions

TVS Motor launches 2025 edition TVS Ronin at Rs 1.35 lakh ex-showroom

Two and three wheeler major TVS Motor Company has rolled out its 2025 edition 225 cc motorcycle 'Ronin' upgraded with safety features besides adding two new colors priced at Rs 1.35 lakh ex-showroom onwards, a senior company official said on Tuesday. TVS RONIN has redefined motorcycling by blending the timeless appeal of retro aesthetics with cutting edge technology and contemporary riding. The new 2025 TVS RONIN now introduces vibrant colours, a sleek new style and enhanced features, the company said. "With the 2025 edition, we bring in a new palette of striking colours with upgraded safety features and are excited to bring this refreshed model to our customers and look forward to their enthusiastic response as they experience the next chapter of the TVS RONIN's journey," said TVS Motor Head Business - Premium, Vimal Sumbly in a company statement on Tuesday. Targeted at the free spirited rider, TVS RONIN has been introduced with two new colours -- Glacier Silver and Charcoal Ember.

myTVS enters B2B qcom for automotive parts; promises 2 hour delivery

With a catalogue of over 12 million parts, myTVS will initially establish 50 "dark stores" branded as myTVS Hypermart by March 2025 in Tamil Nadu, Kerala, Maharashtra, and Gujarat

myTVS enters quick commerce for auto parts distribution; to open 250 stores

myTVS, part of the USD 3 billion TVS Mobility Group and a leading digital automotive aftermarket platform, has entered the quick commerce segment for auto parts distribution. The city-headquartered company plans to set up 250 stores branded as myTVS Hypermart across India over the next three years, Managing Director G Srinivasa Raghavan said here on Wednesday. Initially, myTVS will establish about 50 stores by March 2025 in Tamil Nadu, Kerala, Maharashtra, and Gujarat. These stores will leverage AI-driven supply chain technology to ensure minimal returns and deliver the right product at the right place and time, he added. The model operates as a "Supply Chain as a Pipe," introducing a consignment inventory system at partner stores, allowing them to focus on business growth without holding stock, Raghavan told reporters. Following a successful pilot phase, the company has launched the service, which is expected to improve profitability per store and deliver superior returns for part

TVS Motor unveils next-gen RT-XD4 engine platform developed at Hosur centre

TVS Motor Company has unveiled the TVS RT-XD4 engine platform, developed at its research and development center in Hosur, a top official announced on Friday. The TVS RT-XD4 300 will be the first engine to be fully developed on this new platform. "The TVS RT-XD4 is a major milestone, the result of our focus on creating a unique and compelling TVS riding experience. Conceptualised, designed, and developed in-house at our Research and Development Centre in Hosur, the TVS RT-XD4 showcases our engineering and research capabilities," said Sudarshan Venu, Managing Director of TVS Motor Company. The newly developed engine platform features a dual overhead camshaft with a down-draft port, a dual oil pump with a split chamber crankcase, a dual cooling jacket cylinder head with a water jacket, and a dual breather system that prevents oil contamination and reduces oil consumption. "Over the last several years, TVS Motor has set benchmarks in riding excellence, driven by decades of exposure to

Rivals press the accelerator as Ola Electric's e2W market share shrinks

Electric scooter registrations for the first time crossed the 1 million mark in a year in CY 2024 and stood at 1.03 million at the end of November

TVS Supply Chain Solutions posts Rs 10.6 crore PAT in September quarter

Ravi Viswanathan, managing director, TVS SCS, said that the Q2 results demonstrate our ability to sustain growth momentum in both revenue and profit amid ongoing macroeconomic challenges

We want to be a top 25 company globally: TVS Supply Chain Solutions MD

'We are not getting even a dollar from the price increase due to Red Sea crisis'

TVS Credit Services Q2 results: Net profit increases 20% to Rs 161 cr

Leading non-banking finance company TVS Credit Services Ltd has recorded a 20 per cent rise in the profit after tax for the July-September quarter at Rs 161 crore. The company had posted a profit after tax of Rs 134 crore during the corresponding quarter of last year. For the six month period ending September 30, 2024 the profit after tax surged by 19 per cent to Rs 301 crore, as compared to Rs 252 crore registered in the same period of last financial year. Total income during the quarter under review grew by 17 per cent to Rs 1,639 crore, from Rs 1,399 crore registered in the same period of last year. For the half year ending September 30, 2024 the total income went up by 18 per ent to Rs 3,245 crore from Rs 2,748 crore registered a year ago. As of September 30, 2024 the Assets Under Management stood at Rs 26,652 crore, a growth of 13 per cent as compared to September 30, 2023. In a statement on Tuesday, the company said it continued to maintain its strong growth momentum in ...

Unique Indian way of progress needed to become global leader: TVS chairman

India needs to build its "unique Indian way of progress" to position itself as a global leader and a place to go for high quality services and products, TVS Motor Company Chairman Emeritus Venu Srinivasan said on Tuesday. In his address at a symposium organised by Indian Foundation for Quality Management (IFQM), for which he is the Chairman, Srinivasan cautioned that India will continue to lag behind the world if it continued to follow other countries like Germany, the US, Japan, Korea and China. "We (India) have been one of the major economies in the world in the past. 700 years ago we contributed one quarter to the world's economy. We were a central hub of trading, dominating land routes and maritime routes both the West and East," Srinivasan said. He further said,"And from there we today find ourselves at a very low level in terms of our contribution to global trade in goods and services." Elaborating reasons behind establishing IFQM, he said it is "really not about the small Q

MyTVS forays into EV mobility service market to tap quick-commerce growth

Fleet operators, e-commerce and quick commerce companies will be able to avail the services of myTVS, instead of buying their own vehicles

TVS Supply Chain Solutions shares gains 3% on securing contract from JCB

CB has been one of TVS SCS's first few clients for more than two decades, with TVS SCS offering aftermarket warehouse services in Bhaproda, Haryana for parts distribution

TVS Credit Services Q1FY25 results: Net profit rises 20% to Rs 140.43 cr

Leading non-banking finance company TVS Credit Services Ltd has reported a 20 per cent growth in its net profit for the April-June 2024 quarter at Rs 140.43 crore, the company said on Wednesday. The company had registered a net profit of Rs 117.26 crore during the corresponding quarter of last year. Total income during the quarter under review grew to Rs 1,606.43 crore, as compared to Rs 1,349.20 crore registered a year ago. The Assets Under Management (AUM) stood at Rs 26,351 crore as of June 30, 2024, TVS Credit Services Ltd said in a statement today. "The company continued to maintain its strong growth momentum in disbursements during Q1 FY'25 primarily driven by increase in distribution reach supported by growth in consumption and increase in penetration," the company said. TVS Credit currently serves over 1.50 crore customers till date, the statement added.

TVS Mobility, Mitsubishi Corp sign deal for employee exchange programme

MC Japan will host employees from TVS Mobility and train them in automotive and mobility sectors

TVS Supply Q1 results: Net profit at Rs 7.5 cr on strong topline growth

TVS Supply Chain Solutions Ltd has recorded a a consolidated profit after tax for the April-June 2024 quarter at Rs 7.5 crore driven by strong topline growth in Integrated Supply Chain Solutions and Network Solution verticals, a top official said. The city-based company part of the TVS Mobility Group had registered a net loss of Rs 5.4 crore during the corresponding quarter of last year. Commenting on the financial performance Managing Director Ravi Viswanathan said, "We had a strong first quarter, driven by topline growth in both our ISCS (Integrated Supply Chain Solutions) and NS (Network Solutions) segments. The ISCS segment continues to lead our performance supported by significant volume improvements in the NS segment." Revenue during the quarter under review grew by 4.7 per cent to Rs 2,539.4 crore from Rs 2,426.3 crore registered a year ago. Continued growth momentum in Integrated Supply Chain Solutions and improved macro-economic situation in Network Solution businesses hel