Tvs Group

myTVS eyes Africa, Europe as it plans 2,500 service centres by 2027

myTVS aims to expand into Africa and Europe and scale its multi-brand service network from 1,200 to 2,500 centres by 2027, supported by 10 million active service subscriptions and a UAE partnership

Why did TVS Srichakra shares zoom 13% in trade today? Find out here

TVS Srichakra shares surged after its premium tyre brand, Eurogrip, was officially integrated into the after-sales service network of Honda Taiwan Co., Ltd.

TVS Motor reports 16% sales growth in April, two-wheelers see 15% rise

TVS Motor Company on Thursday said its overall sales rose 16 per cent year-on-year to 4,43,896 units in April. The company sold 3,83,615 units in April 2024. Total two-wheelers registered a growth of 15 per cent in sales increasing from 3,74,592 units in April 2024 to 4,30,330 units in April 2025, the company said in a statement. Domestic two-wheeler sales increased 7 per cent year-on-year to 3,23,647 units last month as compared with 3,01,449 units in year-ago period. TVS said its total exports rose 45 per cent year-on-year to 1,16,880 units last month as against 80,508 units in April last year.

TVS Credit Q4 profit up 53% to ₹226 cr, disburses loans to 1.3 mn customers

For the full financial year 2024-25, the company reported a 34 per cent increase in net profit to Rs 767 crore, compared to Rs 572 crore in 2023-24

TVS Group's Venu Srinivasan family advances leadership succession plan

Further to this MoU, it is now evident that a clear separation of ownership and management of businesses is happening between the children of Srinivasan and Mallika

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

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

Pricol rises 6% on plans to acquire TVS Group firm's injection moulding biz

With this acquisition, as per the filing, Pricol will see a consolidated topline addition of around Rs 730 crore combined with SACL's financial parameters that are value accretive to Pricol

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'

Stocks To Watch: Infosys, Car Trade, SBI, Vadilal, NBCC, TVS Holdings

Stocks to Watch: The finance ministry may amend its circular to provide relief to Infosys regarding a Rs 30,000 crore GST demand.

TVS Holdings, 2 others get CCI clearance to buy stakes in Home Credit India

The Competition Commission of India (CCI) on Tuesday approved the proposed acquisition of stakes in Home Credit India Finance by TVS Holdings, STPL, Premji Invest Group as well as other related transactions. The deal includes acquisition of 80.74 per cent, 8.47 per cent and 10.79 per cent of the issued and paid-up share capital of Home Credit by each of TVS Holdings Ltd (TVSH), STPL Trading and Services Pvt Ltd (STPL), and PI Opportunities Fund-II (PIOF), respectively. The regulator also granted its nod for the acquisition of 2.6 per cent, 4.3 per cent, 2.7 per cent, and 90.4 per cent of the equity share capital of STPL by K Gopala Desikan, Anuraag Agarwal, V Ganesh, and GWCF, respectively. The proposed combination involves acquisition of 100 per cent of the issued and paid-up share capital of Home Credit India Finance Pvt Ltd (Home Credit) by TVSH, STPL, K Gopala Desikan, Anuraag Agarwal, V Ganesh, and GWC Family Fund Investments Pte Ltd (GWCF) (STPL Acquirers) and PIOF, CCI said i

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 SCS wins 3-year contract from manufacturing firm JCB for Vadodara unit

JCB 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 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 SCS Q1FY25 results: Net profit at Rs 7.5 cr on growth in revenue

During the quarter, the company made significant strides by securing key new business wins, including partnerships with global OEMs in the commercial vehicle sector in both India and Singapore

TVS Mobility arm acquires automotive components supplier Roberto Nuti

TVS Mobility group on Monday said its subsidiary SI Air Springs has acquired Italy-based automotive components supplier Roberto Nuti Group, which will help it broaden the product range and strengthen its position in the global market. The pact between the two partners includes the 100 per cent purchase of Roberto Nuti Group by TVS Mobility indirectly, through its wholly-owned Indian subsidiary, SI Air Springs Private Limited and investments appropriate to the full re-launch of the company, TVS Mobility group said in a statement. It also said that both companies will continue to operate normally during the integration period. TVS Mobility has a well-established presence in Europe with some of the other businesses that are part of the group such as TVS Supply Chain Solutions and TVS Srichakra Ltd. Following this collaboration, the Bologna (Italy)-based group will now operate on a more international scale, benefiting from the market and product leadership of TVS Mobility, it said. "T

Mitsubishi Corp gets CCI's approval to acquire stakes in two TVS group cos

The Competition Commission of India (CCI) on Tuesday said it has cleared Mitsubishi Corporation's proposed acquisition of stakes in TVS Certified and TVS Vehicle Mobility Solution. TVS Certified Pvt Ltd is engaged in the business of the sale of used vehicles by conducting auctions, mainly through offline channels in physical auction yards. "The proposed combination relates to Mitsubishi Corporation (Acquirer) acquiring an equity stake in TVS Certified Pvt Ltd (Target 1) and TVS Vehicle Mobility Solution Pvt Ltd (Target 2)," CCI said in a release. Mitsubishi Corporation is a global integrated business enterprise that develops and operates businesses in 90 countries. TVS Vehicle Mobility Solution is engaged in the business dealership and distribution of commercial vehicles, passenger vehicles and motor vehicle services and undertaking dealership and distribution of spare parts for vehicles for a specific manufacturer. In another release, CCI granted its clearance to BlackRock Fundi

TVS Holdings to buy 80.7% stake in Home Credit India worth Rs 554.06 cr

TVS Holdings Ltd on Friday said it will acquire 80.74 per cent stake in Home Credit India Finance Pvt Ltd for an aggregate consideration Rs 554.06 crore. The Board of Directors at its meeting held on Friday approved the acquisition of 88,09,45,401 equity shares of Home Credit India Finance Pvt Ltd (HCIFPL), amounting to 80.74 per cent stake, from Home Credit India BV, an entity based in the Netherlands and Home Credit International AS, a Czech Republic-based entity, TVS Holdings said in a regulatory filing. The aggregate consideration for the acquisition is Rs 554.06 crore, it added. Home Credit India Finance is engaged in the business of providing unsecured loans and is one of the leading players in the consumer financing market and the personal loans segment, the filing said. It had clocked a turnover of Rs 1,720 crore in 2022-2023. This acquisition aligns with the strategy of TVS Holdings Ltd to expand in the consumer finance sector, further strengthening its portfolio, the com

TVS chairman emeritus Venu Srinivasan's family members ink non-compete pact

Family members of Chairman Emeritus of TVS Motor Company Venu Srinivasan have entered into an understanding to avoid competition and the usage of certain trademarks, including TVS, in defined business areas, the company said on Friday. A Memorandum of Understanding (MoU) was executed on March 21, 2024, by Venu Srinivasan, Chairman and Managing Director of TAFE - Tractors and Farm Equipment Ltd Mallika Srinivasan, Director of TVS Motor Co and Deputy Managing Director of TAFE Motors and Tractors Ltd Dr Lakshmi Venu, and Sudarshan Venu, Managing Director of TVS Motor Co. The company is not a party to this MoU, the TVS Motor Company said in a regulatory filing. Lakshmi Venu and Sudarshan Venu are children of Venu and Mallika Srinivasan. Under the MoU, Sudarshan Venu has agreed that he and persons controlled by him shall not use certain trademarks, including TVS, in relation to certain businesses including design, manufacturing and supply of aluminium and magnesium die castings or machi