TVS Motor Company Facts & Figures

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TVS registers 'Ronin' product name

TVS Zeppelin concept.

The TVS Motor Company has registered the name ‘Ronin’ as its new product trademark on the national trademark registry. TVS is due to launch a new motorcycle in 2021 and it is possible that the model will be called Ronin. While it is an interesting name, what we really want to know is what type of motorcycle will adorn that badge. Will it be a street naked, a cruiser or a small-capacity ADV?

There has been speculation that TVS is working on a street-naked version of the Apache RR310. When you consider that ‘Ronin’ is a Japanese word that describes a 'wandering Samurai who has no master', it could suit the description of a naked-street fighter. If that is truly the case, expect the motorcycle to feature all the goodies that you see on the Apache 310. This includes the brilliant chassis, the refined BS6 motor, new Michelin tyres and riding modes. Also, given the fact that the RR310 is a really good-looking motorcycle, it'll be interesting to see what the naked version would look like.

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TVS Motor Company Announces Salary Cuts For Employees

TVS Motor Company is one of the first two-wheeler brands in India to announce salary cuts for employees in the face of the current COVID-19 pandemic and subsequent lockdown. The lockdown has forced a near total halt in manufacturing and production, as well as retail sales of all automotive brands. According to a statement by TVS, the company has decided to adopt a pay cut for all its employees starting from the month of May 2020 till October 2020. This is seen as a result of the significant fall in the company's sales numbers due to the countrywide lockdown.

According to a statement released by TVS Motor Company, "In the wake of the unprecedented crisis, TVS Motor Company has rolled out a temporary salary reduction across different levels for a period of six months (May to October 2020). There will be no salary deduction at the workmen level. However, there will be 5 per cent salary reduction at the junior executive level and about 15 per cent to 20 per cent at the senior management level. It was heartening to see employees coming forward and offering to take salary reduction voluntarily."

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TVS Announces Doorstep Service Program Called 'Expert On Wheels'

TVS Motor Company has launched a new doorstep two-wheeler servicing programme called 'Expert On Wheels'. The company aims to provide doorstep servicing for its customers across the country, with this programme being offered in 300 dealerships. Keeping in mind the current coronavirus crisis and increasing number of cases, all TVS service personnel will be wearing PPE suits, get thermally scanned and encourage digital payments, in a bid to keep contact at bare minimum. Interested customers can call up their nearest dealership and book an appointment for two-wheeler servicing at their homes. Other two-wheeler manufacturers like Royal Enfield have also begun doorstep servicing formats, which helps reduce the burden on customers.

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Akash

 

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TVS Motor Company Announces the Appointment of Global Automotive Industry Icon Prof Sir Ralf Speth to its Board of Directors
Appoints Mr. Kuok Meng Xiong, scion of the Kuok Group, as an Independent Director​

Chennai, Tamil Nadu, India

TVS Motor Company, with a clear eye on the future has announced the appointment of global automotive industry icon Prof Sir Ralf Speth to its Board of Directors. Sir Ralf, is widely acclaimed for his tremendous leadership at Jaguar Land Rover and for transforming it into the global marquee it is today. He continues to serve on its board as vice chairman as also on the board of Tata Sons.

Welcoming him, Mr. Venu Srinivasan, Chairman, TVS Motor Company, said, “It is a momentous occasion for TVS Motor Company to welcome Ralf to its Board. His passion for technology, eye for products and commitment to building brands are truly remarkable. His thoughts will add immensely to TVS Motor as the company shapes itself for the future. Ralf’s deep insights and guidance will be invaluable to the management team as TVS Motor Company embraces the future of mobility.”

Sir Ralf began his career in BMW and rose to a very senior level at a young age. He did his PhD at Warwick Manufacturing Group and later joined Premier Auto Group, where he was responsible for product planning and quality. Later, he moved to the chemical giant Linde where he ran global operations. Most recently, he was CEO of Jaguar Land Rover for over 11 years, marking the most glorious period in the history of the British marquee, making it one of the most respected luxury brands in the world. He was knighted by the Queen in 2018 for his contributions to British industry. The Royal Society recognised his passion for science in 2020 for making him a Fellow of the Royal Society, a rare honour for a business leader.

Mr. Venu Srinivasan, Chairman of TVS Motor Company, who has built the company from 1980 to being among the top 5 global manufacturers of two and three-wheelers, will become Chairman Emeritus effective January 2023, and Sir Ralf will succeed him as Chairman.

TVS Motor further announced the appointment of Mr. Kuok Meng Xiong as an Independent Director. MX is the scion of the Kuok Group, one of Asia’s most respected business houses and the founder of venture firm K3 Ventures. He started his career at the Group’s Shangri La Hotels, expanding it to Europe, West Asia and Sri Lanka. He started the venture firm K3 where he has led early investments in 38 of the world’s leading startups and many Asian unicorns. Some of his early investments include Grab, Bytedance, Palantir, Airbnb, GoPay, Wiz.ai, SpaceX and many others. He is also on the Board of many Kuok Group Companies and the advisory Board of TPG, among others.

“MX brings a unique mix of strong corporate values and a clear vision of the future digital world, and it will be a privilege to have him on our Board,” said Mr. Venu Srinivasan, Chairman, TVS Motor Company.

The Board also accepted the resignation of Mr. Rajesh Narasimhan. He has joined the Board of Sundaram Clayton, in addition to his executive role at TVS Digital, where he leads investments in start-ups related to the Group’s business.

About TVS Motor Company

TVS Motor Company is a reputed two and three-wheeler manufacturer and is the flagship company of the USD 8.5 billion TVS Group. We believe in Championing Progress through Mobility. Rooted in our 100-year legacy of Trust, Value, and Passion for Customers and Exactness, we take pride in making internationally aspirational products of the highest quality through innovative and sustainable processes. We endeavour to deliver the most superior customer experience at all our touch points across 60 countries. We are the only two-wheeler company to have received the prestigious Deming Prize. Our products lead in their respective categories in the J.D. Power IQS and APEAL surveys for five years. We have been ranked No. 1 Company in the J.D. Power Customer Service Satisfaction Survey for consecutive four years.

For more information, please visit www.tvsmotor.com.

Regards
Akash

 

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TVS Motor Company's Two-wheeler Export Clocks 100,000 Unit Milestone​

Hosur, Tamil Nadu, India

TVS Motor Company, a reputed two-wheeler and three-wheeler manufacturer, today announced that its two-wheeler exports clocked 100,000 units in March 2021. An increase in motorcycle sales in key markets across the globe has significantly contributed to this achievement.

Commenting on the milestone, Mr. Sudarshan Venu, Joint Managing Director, TVS Motor Company, said, “It is a momentous occasion for TVS Motor as our international two-wheeler business achieved a sales milestone of 100,000 units in March. We are extremely thankful to our esteemed customers, distributors, suppliers and our passionate team who have made this possible. Along with our industry peers, we look forward to continue playing a role in making Indian two and three-wheelers popular and aspirational in many global markets. Over the past months, we have witnessed growth across various geographies with a definite shift to premiumisation. We will strive to keep this momentum going forward as we seek to delight customers with our exciting range of products. Investments in technology and the future of mobility will be important for us in the next phase of our growth and transformation.”

TVS Motor Company has a presence in over 60 countries in geographies across Africa, South East Asia, Indian Sub-Continent, Central & Latin America and is seeking to enter more markets in Europe and North America as well. The company's key export products include the TVS Apache, TVS HLX series, TVS Stryker series, etc.

TVS owned Norton Motorcycles, in January 2021, announced that the company would move into the most advanced manufacturing facility in the brand’s 123-year history. Norton is currently finalising the construction of its new factory in Solihull and is expected to open by the mid of Q2, 2021 and will mark the beginning of an exciting new chapter for the English marquee.

About TVS Motor Company

TVS Motor Company is a reputed two and three-wheeler manufacturer and is the flagship company of the USD 8.5 billion TVS Group. We believe in Championing Progress through Mobility. Rooted in our 100-year legacy of Trust, Value, and Passion for Customers and Exactness, we take pride in making internationally aspirational products of the highest quality through innovative and sustainable processes. We endeavour to deliver the most superior customer experience at all our touch points across 60 countries. We are the only two-wheeler company to have received the prestigious Deming Prize. Our products lead in their respective categories in the J.D. Power IQS and APEAL surveys for five years. We have been ranked No. 1 Company in the J.D. Power Customer Service Satisfaction Survey for consecutive four years.

Regards
Akash

 

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TVS Motor Company sales in March 2021 grow by 123%​

Two-wheeler exports clock 100,000 unit milestone ​

Scooter sales grow by 206% and Motorcycle sales grow by 136% ​

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Hosur, April 01, 2021:

TVS Motor Company registered sales of 322,683 units in March 2021 as against 144,739 units in March 2020.

Two-Wheeler:

Total two-wheelers grew by 130% registering sales of 307,437 units in March 2021 as against 133,988 units in March 2020. Domestic two-wheelers recorded 115% growth with sales of 202,155 units in March 2021 as against 94,103 units in March 2020.

Motorcycle sales grew by 136% registering 157,294 units in March 2021 as against 66,673 units in March 2020. Scooter sales of the Company grew by 206% registering 104,513 units in March 2021 as against 34,191 units in March 2020.

Exports:

The Company's total exports grew by 138% recording 119,422 units in March 2021 as against 50,197 units registered in the month of March 2020. Two-wheeler exports grew by 164% recording 105,282 units in March 2021 as against 39,885 units in March 2020. An increase in motorcycle sales in key international markets has significantly contributed to this achievement.

Commenting on the export milestone, Mr. Sudarshan Venu, Joint Managing Director, TVS Motor Company, said, “It is a momentous occasion for TVS Motor as our international two-wheeler business achieved a sales milestone of 100,000 units in March. We are extremely thankful to our esteemed customers, distributors, suppliers and our passionate team who have made this possible. Along with our industry peers, we look forward to continue playing a role in making Indian two and three-wheelers popular and aspirational in many global markets. Over the past months, we have witnessed growth across various geographies with a definite shift to premiumisation. We will strive to keep this momentum going forward as we seek to delight customers with our exciting range of products. Investments in technology and the future of mobility will be important for us in the next phase of our growth and transformation.”

Three-Wheeler:

Three-wheeler of the Company grew by 42% registering 15,246 units in March 2021 as against 10,751 units in March 2020.

Fourth Quarter Sales Performance FY 2020-21:

During the fourth quarter of the financial year 2020-21, two-wheeler sales grew by 50% increasing from 5.90 Lakh units registered in the fourth quarter of financial year 2019-20 to 8.87 Lakh units in the fourth quarter of financial year 2020-21. Three-wheeler sales of the Company registered sales of 0.43 Lakh units in the fourth quarter of financial year 2019-20 as against 0.41 Lakh units in the fourth quarter of the financial year 2020-21.

About TVS Motor Company

We are a reputed two and three-wheeler manufacturer, and the flagship company of the USD 8.5 billion TVS Group. We believe in Championing Progress through Mobility. Rooted in our 100-year legacy of Trust, Value, Passion for Customers and Exactness, we take pride in making internationally aspirational products of the highest quality through innovative and sustainable processes. We endeavour to deliver the most superior customer experience at all our touch points across 60 countries. We are the only two-wheeler company to have received the prestigious Deming Prize. Our products lead in their respective categories in the JD Power IQS and APEAL surveys for the past five years. We have been ranked No. 1 Company in the JD Power Customer Service Satisfaction Survey for consecutive four years. For more information, please visit www.tvsmotor.com.

Regards
Akash

 

[Akash1886]

TVS Motor Company registers sales of 238,983 units in April 2021
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Hosur, May 03, 2021:

TVS Motor Company registered sales of 238,983 units in April 2021 as against 9,640 units in April 2020. Domestic sales in April 2021 is lower due to lockdowns in many states, but retails continue to be ahead of despatch. We have reduced dealer stocks to support the channel partners and will produce to maintain adequate inventories for customer demand when it reopens. The year-on-year growth is not comparable due to the low base of sales in April 2020 because of the lockdown imposed by the Government of India during that period.

Two-Wheeler
Total two-wheelers registered sales of 226,193 in April 2021 as against 8,134 units in April 2020. Domestic two-wheeler sales registered 131,386 units in April 2021. Scooter sales of the Company registered sales of 65,213 units in April 2021. Motorcycle registered sales of 133,227 units in April 2021.

Exports
The Company's total exports registered sales of 107,185 units in April 2021 as against 9,640 units registered in the month of April 2020. Two-wheeler exports recorded sales of 94,807 units in April 2021 as against 8,134 units in April 2020.

Three-Wheeler
Three-wheeler of the Company recorded sales of 12,790 units in April 2021 as against 1,506 units in April 2020.

About TVS Motor Company

We are a reputed two and three-wheeler manufacturer, and the flagship company of the USD 8.5 billion TVS Group. We believe in Championing Progress through Mobility. Rooted in our 100-year legacy of Trust, Value, Passion for Customers and Exactness, we take pride in making internationally aspirational products of the highest quality through innovative and sustainable processes. We endeavour to deliver the most superior customer experience at all our touch points across 60 countries. We are the only two-wheeler company to have received the prestigious Deming Prize. Our products lead in their respective categories in the JD Power IQS and APEAL surveys for the past five years. We have been ranked No. 1 Company in the JD Power Customer Service Satisfaction Survey for consecutive four years. For more information, please visit www.tvsmotor.com.

Regards
Akash

 

[Akash1886]

TVS Motor Company Sales Grows by 27% in June 2021​

Hosur, Tamil Nadu, India

TVS Motor Company registered a growth of 27% in June 2021 with sales of 251,886 units as against sales of 198,387 units in the month of June 2020. We have reduced dealer stocks to support our dealers and channel partners and will produce to maintain adequate inventories for customer demand.

Two-Wheeler

Total two-wheelers registered a growth of 25% with sales of 238,092 units in June 2021 as against sales of 191,076 units in June 2020. Motorcycle registered sales of 146,874 units in June 2021 as against sales of 84,401 units in June 2020. Scooter sales of the Company registered 54,595 units in June 2021 as against sales of 65,666 units in June 2020.

Domestic two-wheeler sales registered 145,413 units in June 2021 as against sales of 144,817 units in June 2020.

International Business
The Company's total exports registered sales of 106,246 units in the month of June 2021 as against sales of 53,123 units in June 2020. Two-wheeler exports registered sales of 92,679 units in June 2021 as against sales of 46,259 units in June 2020. The demand in export market continues to be robust, but scarcity in container availability is affecting overall export volumes.

Three-Wheeler
Three-wheeler of the Company registered a growth of 89% with sales of 13,794 units in June 2021 as against sales of 7,311 units in June 2020.

First Quarter Sales Performance
During the first quarter of the current financial year, two-wheelers posted sales of 6.19 lakh units as against sales of 2.55 lakh units in the first quarter FY 20-21. Three-wheeler of the Company registered sales of 0.39 lakh units in the first quarter of the current year as against 0.12 lakh units in the first quarter of FY 20-21.

About TVS Motor Company
We are a reputed two and three-wheeler manufacturer, and the flagship company of the USD 8.5 billion TVS Group. We believe in Championing Progress through Mobility. Rooted in our 100-year legacy of Trust, Value, Passion for Customers and Exactness, we take pride in making internationally aspirational products of the highest quality through innovative and sustainable processes. We endeavour to deliver the most superior customer experience at all our touch points across 60 countries. We are the only two-wheeler company to have received the prestigious Deming Prize. Our products lead in their respective categories in the JD Power IQS and APEAL surveys for the past four years. We have been ranked No. 1 Company in the JD Power Customer Service Satisfaction Survey for consecutive three years.

For more information, please visit www.tvsmotor.com.

Regards
Akash

 

[Akash1886]

TVS Motor Company’s Revenue at Rs. 3,934 Crores as compared to Rs. 1,432 Crores in Q1 of last year

Records highest ever Quarterly Revenue in International Business

Company achieves PBT of Rs. 102 Crores in a challenging quarter impacted by second wave of COVID-19​

Chennai, July 29, 2021: TVS Motor Company reported operating revenue of Rs. 3,934 Crores for the quarter ended June 2021 as against Rs. 1,432 Crores reported in the quarter ended June 2020.

The Company reported EBITDA of Rs. 274 Crores for the first quarter of 2021-22 as against negative EBITDA of Rs. 49 Crores in first quarter of 2020-21. Company’s EBITDA margin for the quarter is at 7.0% as against negative margin of 3.4% reported in first quarter of 2020-21. The reduction in Revenue & EBITDA from the preceding quarter is mainly on account of lockdowns in key markets. With the gradual opening of markets, the Company is optimistic about the domestic & international demand coming back to normalcy.

The Company reported Profit Before Tax (PBT) before exceptional items of Rs. 102 Crores in the first quarter of 2021-22 as against loss of Rs. 190 Crores in the first quarter of 2020-21. During the quarter, Company incurred Rs. 30 Crores towards COVID-19 related expenses and the same is shown as an exceptional item. During the current quarter, the Company reported Profit After Tax (PAT) of Rs. 53 Crores as against loss of Rs. 139 Crores during first quarter of 2020-21.

Sales:
The overall two-wheeler and three-wheeler sales including exports registered 6.58 Lakh units in the quarter ended June 2021 as against 2.67 Lakh units registered in the quarter ended June 2020. Motorcycle sales registered 4.05 Lakh units in the quarter ended June 2021 as against 1.19 Lakh units in quarter ended June 2020. Scooter sales for the quarter ended June 2021 is 1.40 Lakh units against the sales of 0.82 Lakh units in the first quarter of 2020-21. The Company recorded highest two-wheeler exports in this quarter at 2.90 Lakh units as against 0.70 Lakh units in the quarter ended June 2020. Three-wheeler sales for the quarter under review is 0.39 Lakh units as against 0.12 Lakh units during first quarter of 2020-21.

About TVS Motor Company
We are a reputed two and three-wheeler manufacturer, and the flagship company of the USD 8.5 billion TVS Group. We believe in Championing Progress through Mobility. Rooted in our 100-year legacy of Trust, Value, Passion for Customers and Exactness, we take pride in making internationally aspirational products of the highest quality through innovative and sustainable processes. We endeavour to deliver the most superior customer experience at all our touch points across 60 countries. We are the only two-wheeler company to have received the prestigious Deming Prize. Our products lead in their respective categories in the JD Power IQS and APEAL surveys for the past five years. We have been ranked No. 1 Company in the JD Power Customer Service Satisfaction Survey for consecutive four years. For more information, please visit www.tvsmotor.com.

Regards
Akash

 

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TVS Motor Company Becomes United Nations Global Compact Participant

TVS Motor Company has announced that the company has joined the United Nations Global Compact, the world's largest sustainability initiative. With this development, the company has become the first Indian two-wheeler and three-wheeler manufacturer to be a part of UN Global Compact, a voluntary initiative that enables companies the world over to adopt and implement sustainable socially-responsible practices. With this integral step, TVS Motor Company will now support the Ten Principles of the United Nations Global Compact on human rights, labour, environment and anti-corruption.

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TVS-Owned Norton Motorcycles Inaugurates New Global Headquarters

Norton Motorcycles has announced the inauguration of its new global headquarters. The all-new facility houses state-of-the-art manufacturing capability and the company's new global design and R&D hub. It forms a key part of Norton's strategic growth plan on its journey to becoming the world-leader in luxury hand-crafted motorcycles. Built within just eighteen months of TVS ownership, the new HQ is a clear display of significant commitment by TVS Motor Company in its prosperous partnership with Norton Motorcycles.

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