The Chennai-based firm has bought 80% stake in EGO for $17.9 mn; aims to generate $100-150 mn in next 3-5 years by participating in growing demand for e-bikes in the continent
The new motorcycle will compete with the likes of Bajaj Pulsar 125 and Honda CB Shine SP
The revised PLI Scheme announced by the Centre on Wednesday would give the right impetus for auto industry to move faster towards future technologies, TVS Motor Chairman Venu Srinivasan said.
ETGL is a division of ETG (Export Trading Group) - a global conglomerate present in 48 countries with expertise across various industries
Total two-wheeler sales down 1%, domestic show was worse, with 18% dip
The manufacturer of two and three-wheeler tyres, TVS Srichakra, on Tuesday announced its foray into the Indonesian market, with the Eurogrip range of tyres
As a result, unsold inventory at the sales channels across Hero MotoCorp, Honda Motorcycle and Scooter India, TVS Motor and Bajaj Auto have risen from the average 40-45 up to 75 days.
TVS BTO platform will empower the customers to customise and personalise their vehicles when making a purchase, which will be built directly at the factory as per their requirement.
Robust export sales, higher investment in electric vehicles are positives
Its revenue from operations for the quarter grew 142 per cent to Rs 4,689.34 crore
The company had reported a net loss of Rs 183 crore in the April-June quarter of the 2020-21 financial year.
TVS Motor Company, manufacturer of two and three-wheelers globally, on Saturday announced the launch of their Electric scooter in Kochi
Total exports last month stood at 1,06,246 units as compared to 1,14,674 units in May.
TVS Motor Company on Tuesday reported sales of 1,66,889 units in May, down 30 per cent from 2,38,983 units sold in April this year
Robert Hentschel named CEO of the Solihull-based motorcycle brand; Vittorio Urciuoli takes over as CTO
Stock trading at 74% premium to Hero at valuation of 24.5x its FY23 earnings
This came on the back of robust sales in the domestic and international markets.
Cumulative sales in March at the top five two-wheeler makers soared 75% to 1,421,600 units during the month against 808,692 units a year ago
With the acquisition of Mahindra First Choice, the subsidiary is driving its pan-India presence with tech solutions and tie-ups
Venu Srinivasan says Speth, an industry veteran, will mentor company in its international plans.