TVS Motor Company Ltd Company History

The company was incorporated as Indian Motorcycle Pvt. Ltd. on 15th

July. Its name was changed to Indo Suzuki Motorcycles Pvt. Ltd. and

it was converted into a public limited company on 12th January, 1984.

It was promoted by Mr. N. Krishnan in collaboration with Suzuki Motor

Co. Ltd. Japan; Sundaram-Clayton, Ltd., a member of the Company to the

extent of Rs 70 lakhs.

The company entered into a technical know-how and assistance

agreement with Suzuki Motor Co. Ltd., of Japan on 22nd September. As

per the terms of the Colloboration, Suzuki agreed to furnish complete

technical information and know-how, trade secrets and other data.

All shares taken up by promoters etc.

The company received a letter of intent for the manufacture of 20,000

spark ignition operated out board motors and 30,000 internal combustion

spark ignition engines upto 500cc per annum.

59,40,000 shares issued at par in 1984. 7,00,000 shares allotted to

Sundaram Clayton, Ltd. Chennai, 70,000 shares allotted to Anusha

Investments (P) Ltd. Chennai, 20,00,000 shares allotted to Suzuki Motor

Co., Ltd., Japan; 2,20,000 shares allotted to employees and business

associates and 29,70,000 shares offered to the public.

A new company "Lakshmi Auto Components Pvt Ltd." was incorporated for

the manufacture of critical engines and transmission parts.

The company acquired the assets of the moped division from Sundaram

Clayton Ltd. The cost of acquisition was met partly by rights issue of

equity shares. The company subscribed to 39,20,000 equity shares of

Rs.10 each of Lakshmi Auto Components Pvt Ltd, whereupon it became a

subsidiary of the company.

The name of the company was changed from Indo Suzuki Motorcycles Ltd.

to TVS Suzuki Ltd with effect from 18th August.

154,00,000 Rights Equity shares issued at par in prop. 2:1.

The company obtained a letter of intent for expanding the capacity to

4,00,000 Nos. two wheelers.

The working was adversely affected due to labour unrest which

resulted in a lock-out from 28th February 1990. The lock out was

lifted in the second week of June 1990.

The company launched a 34cc miniped to take advantage of the Motor

Vehicle Act that exempts such vehicles from the payment of road tax.

The Company worked for only 10 months due to lock-out.

The technical aid agreement entered into with Suzuki Motor Co., Japan

which expired in August 1991 was extended for three more years with the

approval of the Government of India.

The Company launched two new models of motor cycles viz. `Sumurai'

and `Shogun'.

The Company launched a new model of moped viz. `TVS Scooty'.

The Company was studying the feasibility of opening a second plant at

a different location to meet the growth in demand for two wheelers in

the near future. It also proposed to introduce upgraded version of

mopeds. In addition, during the year, the Company undertook to develop

new models of motorcycles.

The company is taking steps to meet the increase in demand for its

products and improve the market share.

A statement relating to the subsidiary, M/s Lakshmi Auto Components

Limited, Chennai, and a copy of its annual accounts for the year ended

31st March, 1996 are attached to the Balance Sheet pursuant to section

212 of the Companies Act, 1956.

As per the requirements of section 217(1)(e) of the Companies Act,

1956 read with the Companies (Disclosure of Particulars in the Report

of Board of Directors) Rules, 1988, the information regarding

conservation of energy, technology absorption and foreign exchange

earnings and outgo are given in annexure I to this report.

TVS-Suzuki plans to set up an auto ancillary estate through joint

venture with some of its existing components suppliers. The proposed

project is to come up at a new 57 - acre site near TVS-Suzuki's

existing plant at Hosur.

Leading two-wheeler manufacturer in the country, TVS Suzuki, will

soon set up a new 2.5 lakh capacity scooter plant in Mysore.

TVS-Suzuki (TSL) - a joint venture between the TVS group and Suzuki

Motor Corporation, Japan - was the first company to launch a 100-cc

motorcycle in the Indian market.

Credit Analysis & Research Ltd (Care) has assigned the credit rating

of CARE AA+ (double A plus) to the proposed non-convertible debenture

issue of Rs.100 crore by TVS-Suzuki Ltd (TSL).

TVS Suzuki is a joint venture between Saundaram Clayton Ltd. of the

TVS group and Suzuki Motor Corporation, Japan.

The company proposes to introduce kick start facility.

TVS Suzuki Ltd (TSL), the second largest two-wheeler manufacturer in

the country, will be restructuring its entire vendor-base in the next

five years with the objective of creating robust vendors to meet its

future expansion plans.

TVS Suzuki Limited is officially launching its new moped model, the

XL Super.

The Rs. 100 crores non-convertible debentures of TVS-Suzuki Limited

rating of AA + (high safety with higher standing) has been retained by

CARE.

TVS Suzuki Ltd, one of the leading two-wheeler manufacturers in the

country, has crossed the Rs.1,000-crore turnover mark in 1997-98.

TVS will be the first company in the country to introduce the 4

stroke scooter in the Indian market.

TVS' new-generation state-of-the-art four-stroke scooter Spectra, of

which we gave you an exclusive preview last month, was launched in

spectacular fashion at the TVS Millennium Show on October 1 in New

Delhi.

TVS Suzuki Ltd on October 1 launched its new generation 4-stroke

scooter `TVS Spectra' in Delhi.

TVS Suzuki is all set to launch a scaled-down version of Spectra --

the recently launched four-stroke scooter.

The company is set to launch Spectra on a nation-wide basis in April.

Suzuki has indicated to the TVS group that if it did not agree to the

Japanese company's acquiring a majority stake, it should allow Suzuki

to set up a 100 per cent subsidiary.

The Company, pioneers of Indo-Japanese motorcycles in the country,

has launched its latest offering, Suzuki Fiero, in the Kerala market.

The Tamil Nadu based TVS-Suzuki has launched the 150 CC four-stroke

powerhouse Suzuki Fiero in Tamil Nadu, close on the heels of its launch

in Rajasthan, Karnataka and Kerala.

Two-Wheeler major, TVS-Suzuki Limited is set to create a special cell

to tap the institutional segment.

The Company proposes to relaunch its four-stroke scooter, Spectra, in

July.

Two-wheeler major TVS Suzuki is all set to cross the magic one

million mark durisng the current fiscal with 12 new models lined up

over the next 18 months.

Motocycle giant, TVS Suzuki, has forged an alliance with Brand Dotcom

to leverage the latter's online expertise brand building on the Net.

TVS-Suzuki Ltd on August 30th, formally launched its indigenously

developed 4-stroke motorcycle, TVS Victor, here. The price has been

fixed at Rs 41,187, (ex-showroom, Chennai).

The TVS group and Suzuki Motor Corporation September 27 parted ways

from their 15-year-old joint venture with the former buying out the

25.97 per cent stake of the Japanese company for Rs 9 crore.

TVS Motor Company Ltd has informed that the Board declared an interim

dividend of Rs 9.00 per share on 2,31,00,070 equity shares of Rs 10/-

each fully paid up, aggregating to Rs 231.00 million.

TVS Motor Company has recorded a market share of 35% from motor

cycles division

K.S.Bajpai has been appointed as an Additional Director on the Board.

TVS, Bajaj Auto and Yamaha have grabbed the market share from the

country's largest motor cycle maker Hero Honda.

The TVS victor sales has crossed 4 lakh unit mark in less than 18 months

of its launch.

TVS Motor has recorded a 31% growth in its sales.

C V R Panikar has been appointed as Additional Director on the Board

of TVS Motor Company Ltd.

TVS Motor Company has reintroduced Fiero, inorder to compete with

Bajaj Pulsar.

TVS Motor Company Ltd has introduced its own racing bikes which Team

TVS will test on the tracks in Asian Circuit.

TVS Motor launched 4 new mobikes including a new brand 100-cc mobike

called the Centra.

TVS Motor Chairman and MD Venu Srinivasan has been selected in

Business Week's Stars of Asia which covers the top 25 achievers in the

continent.

TVS Motor Company adds two new models in two-wheeler segment.

TVS Motor ties up with State Bank of India for scooter and Motorcycle

financing.

Launches Fiero F2 and Scooty Pep models

Board of approves the merger of engine components division of its subsidiary, Lakshmi Auto Components (LAC) with TVS Motors effective from April 2, 2003

TVS Motor , on Jan 5 launched Centra, a 100 cc four-stroke motor cycle, with variable timing intelligent (VTI) engines, claiming to give more mileage to consumers. The Centra has bundled price, style, power along with fuel efficiency making it a fill-once-a-month bike, and it's priced at Rs.36,990. nearly Rs 100 crore investment had gone into the launch of 'Centra', including R&D, plant and machinery.

TVS Motor Company Unveil TVS Centra With ' VT-i Engines',, a 100 CC 4 stroke motorcycle

TVS Motor Company launched its new bike - TVS Centra - here on February 9, 2004, for the first time in the State. It is a 100-cc four-stroke motorcycle targeted at the popular segment and a Fill-it-once-a-month bike, competitively priced at Rs. 36,990. The vehicle has been launched in January in the metros and other cities and so far 8,000 vehicles had been sold in the country.

TVS Motor Company and Union Bank of India (UBI) have announced the launch of `Union Miles Scheme,' an exclusive two-wheeler finance scheme

TVS Motor Company (TVS) launches new 125cc, 4-stroke Victor GLX motorcycle in Chennai on May 02, 2004

TVS Vice President resigns

TVS Motors forges alliance with Andhra Bank

Canara Bank, TVS Motor rolls out TVS Canmobile

TVS picks up Asian Network for Quality award

TVS unveils new version of 'Victor GX'

TVS Motor Company introduced its entry-level 4-stroke motorcycle - TVS Star - in the Kerala market

TVS rolls out Star bike in Andhra Pradesh

TVS Motor Company launches TVS Centra VT-i, a variant of its four-stroke 100cc model TVS Centra on May 6

TVS Motor rolls out two motorcycle variants named Victor EDGE, StaR City and Scooty Pep plus

TVS Motor appoints new President

TVS launches Apache in Vizag

TVS Motor Company launched a new version of 125 cc Victor GLX with an electric start option

TVS Motor Co, has rolled out seven new vehicles, including its first three-wheeler and a new 125 cc bike, aimed at gaining lost share in a highly competitive market.

TVS Motor Company launched Scooty Streak, which is its latest scooterette targeted at girls of 16 to 20 age group.

Tvs Motor Company Limited has appointed Mr Prince Asirvatham as an additional and independent director of the board of directors of the company effective April 21, 2009.

TVS Motor Company entered the 110 cc segment by unveiling 2 brand new products, an auto-clutch motorcycle and an automatic scooter.

TVS Motor Company has launched India's first auto-clutch motorcycle- TVS Jive, in Chandigarh.

TVS Motor Company has given the Bonus in the Ratio of 1:1

TVS Motor Company joins hands with Syndicate Bank for three-wheelers

TVS Motor Company has developed an engine that is 20 per cent more fuel efficient and is usable both in scooters and motorcycles.

TVS motor company signed a MOU with Central Bank of India to provide attractive financing options for its three wheeler TVS king across all 4,000 branches operating in India.

TVS Motor Company appoints Sudarshan Venu as Vice President

TVS Motor Company Ltd is a winner of the CII ITC Sustainability Awards 2012

TVS Motor Company wins Silicon India Mentor Graphics Best VLSI / Embedded Design - Automotive Award

TVS Motor Company and BMW Motorrad Sign Cooperation Agreement

Indias TVS Motor Company to set up assembly line in Uganda

TVS Motor Company launches TVS TRU4 Synthetic 10W 30 Engine Oil

Indias TVS Motor Company launches StaR HLX 125 Motorcycle in Tanzania

TVS Motor Company launches Stylish TVS StaR City+

Asian Network for Quality Award 2014

TVS Motor Co. Ltd. - TVS Motor Company & Kangra Central Co-operative Bank in Himachal Pradesh sign MOU

TVS Motor Co. Ltd. has launched the 2015 edition of TVS Phoenix 125 for the drum version and for the disc brake version.

TVS Motor Company Ltd has introduced a special edition of its legendary TVS XL Super" in celebration of crossing the milestone of 1 crore mark in sales

TVS Motor Company Ltd signs MOU with TN Government for investment of 350 Crore

TVS Motor Company Ltd has launched its motorcycle "TVS Sport" with improved mileage and additional features

TVS Motor launches TVS Apache RTR 200 in Indonesia

TVS MOTOR launches All New TVS Victor and TVS Apache RTR 200 in India

TVS Motor Company launches Powerful Four Stroke TVS XL 100 in Tamil Nadu

TVS Motor Company launches Powerful Four Stroke TVS XL 100 in Kerala

TVS Motor Company launches innovative service app for its customers

TVS Motor Company launches Powerful Four Stroke TVS XL 100 in Andhra Pradesh and Telangana

TVS Motor Company launches Powerful Four Stroke TVS XL 100 in Madhya Pradesh

TVS Motor Company two-wheelers now available online on Snapdeal

TVS launches TVS XL 100 in Karnataka

TVS launches Scooty Zest 110 Himalayan Highs special edition

TVS Motor Company launches Jupiter MillionR Special Edition

"TVS Motor Company clocks sales of 207,059 units in January 2017".

Launch of BSIV compliant TVS Jupiter with 2 new colours

Company launches TVS Victor 'Premium Edition', a 110cc motorcycle

TVS Motor Company bags top honours in the J.D. Power 2017 Study

TVS Motor Company Partners with Abans Auto for Three-Wheeler Exports to Sri Lanka

TVS Apache RR 310 signals Company's entry into the super-premium motorcycle segment

"Company introduces new stylish TVS StaR City+, a 110cc motorcycle".

"Company announces successful completion of Himalayan Highs Season 3".

TVS Motor Company introduces 2 new, exciting colours for TVS WEGOÂ

TVS Motor launches new 2018 TVS Apache RTR 160 4V.

TVS Motor launches XL100 Heavy Duty & Touch Start with integrated starter generator system.

TVS Motor launches 2 new products in Philippines market.

TVS launches its new 110cc motorbike, Radeon.

TVS launches NTORQ 125 scooter in Sri Lanka.

TVS teams up with Torino to open 40 stores in Mexico.

TVS Motor bags honours at CII-ITC Sustainability Awards.Â

TVS Motors introduces TVS Apache RTR 160 4V in Colombia.Â

TVS Motor gives Bangladesh 4 new products..

TVS Motors celebrates 25 years of its brand and initiates 2 new colours in TVS Scooty Pep+.

TVS Motor Company introduces TVS Sport, 100cc motorcycle in Sri Lanka.

TVS Motor Company launches ethanol-powered bike.

TVS Motor launches special edition of Radeon motorcycle.

TVS Motor ties up with Cadisa Group to strengthen presence in Central American.Â

TVS Motor Company completes acquisition of Norton.

TVS Motor launches 2020 Apache RTR 200 4V in Nepal.

TVS Motor Company launched the TVS NTORQ 125 SuperSquad Edition inspired by Marvel's Avengers.

TVS Motor ties up with Pilipinas Shell Petroleum Corporation in Philippines.

TVS Motor launches 2021 TVS Apache RTR 160 4V in Bangladesh.Â

TVS Motor introduces TVS intelliGO technology with TVS Jupiter.Â

TVS Motor launches escooter iQube Electric in Delhi; priced at Rs 1.08 lakh.Â

TVS Motor launches TVS NTORQ 125 SuperSquad Edition in Nepal.

TVS Motor Company launches new scooter - TVS NTORQ 125 Race XP.

TVS Motor launches Bluetooth connected scooter 'TVS NTORQ 125' in Nepal.

TVS Motor partners with Tata Power for implementing EV charging infrastructure.Â

TVS Motor Company announces investment of £100 million in Norton Motorcycle.

TVS Motor Company launches Tech Loaded TVS NTORQ 125 XT.

TVS Motor Company launches the new TVS iQube Electric Scooter.

TVS Motor Company launches the all-new TVS RONIN industry-first ‘modern-retro’ motorcycle.

TVS Motor Company announces investment in Formula 1 Driver Narain Karthikeyan’s start-up ''DriveX".Â

TVS Motor collaborates with UK Govt.'s Chevening Scholarship Programme.

Sundaram Auto Components conferred with TPM Excellence Award for its Mysuru plant".

ION Mobility and TVS Motor Company Announce Collaboration through Project Dynamo in Indonesia.

TVS Motor Company launches new Products inGhana, Africa".

TVS Motor launches The New TVS Metro Plus 110 in Bangladesh.

TVS Metro Plus has sold over 1.2 lakhs units in Bangladesh since its first launch and delivers the best in-class mileage of 86kmpl.

TVS Motor Company sold 20,356 units of TVS iQube Electric Vehicle.