Page 2 - Tvs Group

TVS Supply Chain Solutions extends contract with Rolls-Royce for 5 years

The partnership extension is for the state-of-the-art Parts Distribution Centre (PDC) in Singapore serving the Asia Pacific markets for Rolls-Royce's Power Systems business unit

Mitsubishi Corp to acquire 32% stake in TVS Vehicle Mobility for Rs 300 cr

TVS Mobility holds dealerships of major companies like Ashok Leyland, Honda, Mahindra and Renault among others, mainly in states like Tamil Nadu, Kerala, Karnataka, AP, Telangana and MP

TVS SCS Q3 results: Company posts consolidated net profit of Rs 10 crore

The company's revenue from operations was also down by 6.4 per cent during the quarter under review to Rs 2,221.8 crore, compared to Rs 2,373.4 crore during the Q3 of FY23

TVS Industrial and Logistical Parks, Goa-IPB to set up warehousing park

TVS Industrial and Logistical parks has signed a memorandum of understanding with the Goa Investment Promotion and Facilitation Board for the development of a logistics and warehousing park in Goa. The strategic commitment involves an investment of Rs 125 crore, marking TVS ILP fostering industrial growth in Goa, a company statement issued here on Tuesday said. The state-of-the-art facility, to come up at the Verna Industrial Estate in Goa, would be spread across 15-20 acres and generate direct employment of 250 and indirectly 1,000 in the region, the statement said. TVS ILP CEO Ramnath Subramaniam exchanged documents with Goa-Investment Promotion and Facilitation Board CEO Swetika Sachan at the Invest Goa 2024 Summit recently. "Our partnership with Goa-IPB is a significant milestone for TVS ILP. The central government has been making investments in Goa's infrastructure, making it an attractive business destination. This MoU will help put Goa on the map for many businesses that ..

TVS Motor plans to expand electric two-wheeler range over next 1 year

TVS Motor Company aims to expand its electric two-wheeler portfolio over the next one year as it looks to cater to customers at multiple price points, according to a top company official. The Chennai-based company, which currently has two e-scooters in its portfolio, also plans to expand its electric vehicle sales infrastructure going ahead. It is also developing an electric three-wheeler. "We are also planning to launch a series of products in the range of 5 to 25 kilowatts in the next year," TVS Motor Company Director and CEO K N Radhakrishnan said in an analyst call. He noted that with robust demand in the market, the company has ramped up the production capacity of electric scooter iQube to 25,000 units per month and plans to enhance it further going ahead. TVS plans to commence sales of its new electric scooter TVS X in the current quarter. Radhakrishnan said TVS has close to 400 touchpoints for e-scooters, and the company is continuously expanding the same. "With the produ

TVS Supply Chain Solutions posts loss of Rs 22 cr in Q2; revenue down 16%

The company's revenue from operations during the quarter under review was seen at Rs 2,262.9 crore, down 16 per cent compared to Rs 2,680.8 crore during the same period in 2022-23

TVS Emerald garners sales from 1st plotted development project in Karnataka

TVS Emerald, a subsidiary of TVS Holdings Ltd, has registered a sale value of Rs 169 crore on the day of launch of its first plotted development project in Karnataka. 'The Estate' in Bagalur near Sarjapur, is a 33-acre project near Bengaluru, marking the Chennai-based company's first plotted development in the neighbouring state. Of the 461 plots launched, as many as 442 plots were sold. The plots range from 500 sq ft to over 5,000 sq ft in size and priced from Rs 17.49 lakh, a company statement here said on Wednesday. Besides this project, TVS Emerald said it has planned for more in Bengaluru, including an apartment community in Rachenahalli and a luxury project on the Mission road. "The brand has a total of two million sq ft of area under development in Bengaluru," the statement said. The plotted project, 'The Estate' features over 50 amenities including a 15,000 sq ft clubhouse, a banquet hall, swimming pool among many others. Company Director and CEO Sriram Iyer said, "I am .

TVS Supply Chain Solutions posts net loss of Rs 65 crore in first quarter

Expansion in existing engagements and new business development drove revenue growth. During the quarter, the company commenced a seven-year transformational engagement with Centrica PLC

TVS Industrial and Logistics Parks plans facility after every 400 km

Of the $400 million, the company intends to raise around $150-175 million using some form of equity instrument, according to Nitin Aggarwal, President of TVS ILP

TVS Supply Chain IPO subscribed 2.78 times on last day of subscription

The Initial Public Offer (IPO) of TVS Supply Chain Solutions, part of TVS Mobility Group, was subscribed 2.78 times on the last day of subscription on Monday. The Rs 880 crore IPO received bids for 6,98,68,624 shares against 2,51,22,289 shares on offer, according to NSE data. The category for Retail Individual Investors (RIIs) was subscribed 7.60 times, while the quota for non institutional investors received 2.35 times subscription. The category for Qualified Institutional Buyers (QIBs) got subscribed 1.35 times. The IPO had a fresh issue aggregating up to Rs 600 crore and an offer for sale of up to 1,42,13,198 equity shares. The IPO had a price range of Rs 187-197 per share. TVS Supply Chain Solutions on Wednesday said it has mobilised Rs 396 crore from anchor investors. Proceeds from the fresh issue to the tune of Rs 525 crore will be utilised for payment of debt availed by the company and its subsidiary TVS LI UK. Besides, funds will be used for inorganic growth strategy and

Street Signs: Nifty teeters on edge, tepid GMP for TVS Supply Chain & more

Nifty experienced its third consecutive weekly decline on Friday, fuelled by concerns about India's inflation trajectory and weak global cues

Citi sells TaMo shares worth Rs 2,089 cr, TVS Supply Chain subscribed 55%

The price band for the TVS Supply Chain IPO is Rs 187 to Rs 197 per equity share

Should you subscribe to TVS Supply Chain IPO? Here's what brokerages say

The objective of the issue is repayment of outstanding borrowings and general corporate purposes

Brand TVS known for supporting stakeholders, says TVS SCS's R Dinesh

'Diversified biz helped amid UK market crisis'

TVS Supply Chain Solutions gets Sebi's approval for launching IPO

It will be the first IPO by TVS family company in three decades, after TVS Electronic in 1994

TVS SCS secures deal worth Rs 2,000 crore from UK-based Centrica PLC

The company did not divulge the size of the deal

Realtor TVS Emerald gives Chennai decade high launch-day sales at Rs 438 cr

Located in Kovilambakkam, the project sold 448 homes in a residential project spread over 6.56 acres, and consisting of 820 units built over a saleable area of 996,000 sq ft

TVS Supply Chain chief R Dinesh elected CII president, Rajiv Memani is VP

Veteran entrepreneur is winner of several business awards, has assisted industry group for many years

After Ola, three others to repay customers for 'off-board charger'

All the three electric two-wheeler manufacturers have written to the ministry of heavy industries on Wednesday expressing their willingness to repay customers

IPO-bound TVS SCS raises Rs 520 cr from Hero, Bajaj, SBI and others

Company has sought market regulator's approval to raise as much as Rs 750 cr