While improving volumes is positive, the decision to set up a subsidiary for the EV business and a Rs 1,000-crore investment is a key trigger
Building on this partnership, the groups will also explore other avenues of cooperation in Oman and India
TVS board approved the incorporation of a subsidiary to undertake the electric mobility business
Revenue from operations rises 23% to Rs 6,483 cr
Chennai-based TVS Motor Company on Thursday announced the roll out of 1 lakh units of BMW Motorrad's 310cc series of motorcycles from its manufacturing plant at Hosur in Tamil Nadu. The landmark has been achieved in less than five years. TVS Motor Company's Hosur manufacturing plant produces around 10 per cent of BMW Motorrad's volumes globally, the company said in a regulatory filing. The Indian two and three-wheeler major had in 2013 signed a cooperation agreement with BMW Motorrad to develop and produce sub-500cc motorcycles for the global market. Subsequently, the partners have introduced three products on the 310cc platform, namely BMW G 310 R, BMW 310 GS and TVS Motor Company's TVS Apache RR 310. All three products are manufactured at the Hosur facility, the company added. TVS Motor Company Director and CEO KN Radhakrishnan said, "This achievement is a strong testimony to the success of our eight-year partnership, which has created a common learning platform for both companie
The NSE Auto index seems well placed to test its all-time high; Prominent auto stocks like Tata Motors, Bajaj Auto, Hero MotoCorp and TVS Motor can gain 3.5-10 per cent
A memorandum of understanding between the two companies speaks of deploying solar power technologies at TVS Motor's select locations
The Nifty Consumption index surged nearly 228 per cent in the last 10 years and has outperformed the frontline Nifty50 that moved up nearly 138 per cent during this period
The new motorcycle will compete with the likes of Bajaj Pulsar 125 and Honda CB Shine SP
The recovery officer of Debt Recovery Tribunal (DRT) on Tuesday offloaded shares worth Rs 50 lakh of McDowell Holdings Ltd through an open market transaction
Total two-wheeler sales growth came at 8 per cent with 262,728 units sold in July 2021 as against sale of 243,788 units in July 2020
Robust export sales, higher investment in electric vehicles are positives
Domestic equities witnessed sharp profit booking in the fag end of the session as European stocks slipped in early trade and US stock futures hinted at a muted start on Wall Street later today
The firm believes it is now better prepared to tackle supply-chain issues
Around 24.4 million shares, representing 5.13 per cent of the total equity of TVS Motor Company, worth Rs 1,506 crore changed hands via block deal on the NSE, the exchange data shows
TVS Motor Company on Monday said it will launch two new products in Iraq as part of its expansion plan in that country
TVS Motor Company on Monday said its scooter brand NTORQ 125 has crossed one lakh sales milestone in the international markets.
TVS Motor Company on Monday said its total sales stood at 2,38,983 units in April, down by 26 per cent from 3,22,683 units in March
Stock trading at 74% premium to Hero at valuation of 24.5x its FY23 earnings
The company on Tuesday posted a nearly four-fold increase in its consolidated net profit to Rs 319.19 crore for the fourth quarter of FY21, riding on the back of robust sales in the domestic and inter