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GST: TVS Motor joins Hero MotoCorp to seek reduction in rate on two-wheelers
Posted on 9th January 2019
TVS Motor Company on Tuesday joined other two-wheeler companies, including Hero MotoCorp, in seeking reduction of the goods and services tax (GST) rate on two-wheelers, pointing out that the mass commuting segment should not be treated on the lines of luxury goods. Raising concerns over the high GST rate, Venu Srinivasan, chairman, TVS Motor, said:

TVS urges rethink on Two-wheeler GST rates, says new norms will hit pricing
Posted on 8th January 2019
TVS Motor Company Chairman Venu Srinivasan has said that the Goods and Services Tax (GST) rates for two-wheelers should be reconsidered, especially at a time when the new safety norms and fuel norms are expected to increase the prices of such vehicles.

Rising urbanisation, increasing purchasing power and the enhanced need for connectivity particularly in mid-sized and smaller cities across India, have fuelled the two-wheeler revolution for personal mobility.

TVS Motor dips 6% on single-digit sales growth in December
Posted on 2nd January 2019
Shares of TVS Motor Company dipped 6 per cent to Rs 531 on the BSE after the two and three- wheeler company reported a single- digit 6% year-on-year growth in sales in December 2018. The growth was lowest since October 2017.

The company registered 4 per cent growth in two-wheeler sales during December 2018 at 258,709 units as compared with 247,591 units, a year ago.

TVS Motor expands presence in Peru, launches Apache RR 310, NTORQ
Posted on 14th December 2018
Two-wheeler major TVS Motor Company has announced its expansion in Peru with the launch of TVS Apache and TVS NTORQ in the market, along with an additional showroom. The company had announced in September its expansion in Mexico in order to increase its footprint in the Latin American market.

TVS Motor reports 27% growth in Nov sales, two-wheeler sales up by 26%
Posted on 3rd December 2018
TVS Motor Company has registered a 27 per cent growth in total sales, increasing from 251,965 units in November 2017 to 319,965 units in the month of November 2018.

Two-wheelers have registered a growth of 26% in sales during the month of November 2018 at 307,142 units as compared to 243,323 unit, a year ago.

TVS Motor Chairman Venu Srinivasan gets bail in idol theft case connection
Posted on 29th November 2018
The Madras High Court granted anticipatory bail to TVS Motor Chairman Venu Srinivasan on Wednesday in connection with the alleged idol theft case in Tamil Nadu.

Srinivasan's name was mentioned in a first information report (FIR) by the local police. The case was then transferred to the Idol Wing of the Crime Branch-Central Investigation Department. The FIR accused him of replacing a century-old peacock idol at Chennai’s Kapaleeswarar temple with a fake one.

TVS teams up with Torino Motors; will open 40 two-wheeler stores in Mexico
Posted on 19th September 2018
TVS Motor on Wednesday announced its alliance with Torino Motors, a subsidiary of Groupo Autofin for the Mexican region.

In the first year of the association, Torino Motors will work with TVS Motor to open 40 exclusive stores in the country for the distribution of two-wheelers, according to a company release.

TVS Radeon 110cc launched at Rs 48,400: Competes with Hero Splendor 110 and Honda CD110 Dream
Posted on 23rd August 2018
TVS Radeon 110cc: TVS Motor has launched the new Radeon premium commuter motorcycle in India at a price of Rs 48,400 (ex-showroom). The Radeon, which has been positioned as a premium commuter motorcycle will address a section of the Indian market that is yet unaddressed according to TVS Motor. The Radeon will employ a 110cc Duralife motor that is designed to deliver 8hp @ 7000 rpm and 8.7Nm of torque at 5000 rpm.

TVS Motor invests in electric bike maker Ultraviolette Automotive
Posted on 13th August 2018
New Delhi: Electric mobility solutions provider Ultraviolette Automotive on Monday said it has received Rs 6 crore funding from TVS Motor Company.

The additional investment as part of Series A round will be deployed for continued product engineering and further expansion of core R&D team and facility, Ultraviolette said in a statement.

TVS Motor Q1 profit rises 13.2%
Posted on 8th August 2018
TVS Motor Company has reported a 13.2% growth in its net profit for the quarter ended June 30, 2018 to Rs 146.6 crore as against Rs 129.5 crore in the same quarter last fiscal. However, it missed market expectations as analysts were expecting the profit of around Rs 170 crore. In spite of a strong 14% growth in total two-wheeler sales (including exports) to 8.93 lakh units in the quarter under review as compared to 7.85 lakh units sold in the quarter ended June 2017,

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