Page 5 - Tvs Group

Family-owned TVS group changes ownership model, to scrap holding company

Brand of $8.5-billion business allotted to each family group on a perpetual, royalty-free basis.

TVS Srichakra to invest Rs 1,000 cr to ramp up capacity at two facilities

The company supplies tyres to a majority of two- and three-wheeler manufacturers in India, apart from having a significant presence in the domestic aftermarket

TVS Srichakra to invest Rs 1,000 cr to expand manufacturing capacity

Tyre maker TVS Srichakra Ltd on Tuesday announced a Rs 1,000 crore investment over a period of three years to ramp up its manufacturing capacity. The capital expenditure of Rs 1,000 crore will be used to ramp up manufacturing at its Madurai and Pantnagar plants, the company said in a statement "This investment is planned to be made over a three-year period. The investment, when fully made, will result in an increase in two and three-wheeler tyre capacity by 25-30 per cent and doubling of off-highway tyre capacity from current levels," it added. TVS Srichakra has manufacturing facilities at Madurai in Tamil Nadu and Pantnagar in Uttarakhand with a production capacity of over 3 million tyres a month. Commenting on the planned investment, TVS Srichakra Limited Director S Ravichandran, said, With a wide distribution network in India, growing international presence and building state-of-the-art capabilities in R&D and product development, we are further strengthening our manufacturing .

TVS Automobile Solutions acquires Mahindra First Choice service business

As part of the transaction, M&M will secure a minority stake in TVS ASPL and in turn, MFCSL will become a subsidiary of TVS ASPL

Mitsubishi Corp picks minority stake in TVS SCS for undisclosed amount

Mitsubishi to acquire the stake from Tata Opportunities Fund which will make a partial exit

TVS auto solutions company plays disruptor in after-market sector

Its innovations are revolutionising the automobile after-market sector

TVS housing arm ropes in Singapore's Keppel Land for project near Chennai

The partners will develop the project through a JV, in which Keppel Land's subsidiary will take 49 per cent stake for Rs 77.2 crore

Titan Europe likely to sell 10% stake in Wheels India valued at Rs 60 cr

The firm has been reducing stake gradually in the company

We will continue with China operations, says JMD, Sundram Fasteners

The China facility is running profitably and manufactured fasteners, bearing housings and castings, and the company had invested adequately for the current level of operations there, Krishna said

ZF Friedrichshafen issues draft offer to acquire 25% shares in Wabco India

The open offer was triggered after the German company acquired US-based Wabco Holdings, and the offer price is Rs 7,067.51 per offer share, totalling Rs 3351.34 crore.

Change picks up speed in auto industry to survive post-Covid challenges

Components makers are reinventing their business to transform and survive in a post-Covid world

From Tata Power to TVS, over 320 firms queue up for moratorium breather

Piramal, Tata Power, and TVS group units figure in list

TVS looks beyond comfort zone to derisk biz from domestic market pressures

The company hopes its overseas push will help compensate for the slowing sales domestically

Economic slowdown: Sundaram-Clayton declares non-working days at plants

Five-day shutdown at Chennai units starting Oct 29, Hosur to go silent for three days

TVS Logistics ferries know-how

An acquisition strategy is helping the company add new capabilities

Sundaram-Clayton to set up first overseas facility in US

Company plans to invest around $50 mn in US, around Rs 400 cr in India