Home > General Knowledge, Organization > 326/365 – TVS Motor Company

326/365 – TVS Motor Company

Type: Public company

Industry: Automotive

Founded: 1978

Founder(s): T S Srinivasan

Headquarters: Chennai, India

Key people: Venu Srinivasan (Chairman & MD)

Products: Motorcycles, scooters, three-wheeler vehicles and spare parts

Revenue: INR 62.99 billion (US $ 1.26 billion)

Parent: Sundaram-Clayton Limited

Subsidiaries: PT TVS Motor, Indonesia

Website: www.tvsmotor.in

TVS Motor Company Limited (BSE: 532343, NSE: TVSMOTOR) is the fourth largest two-wheeler manufacturer in India. It is the flagship company of the parent TVS Group employing over 40,000 people with an estimated 15 million customers.

It manufactures motorcycles, scooters, mopeds and auto rickshaws. It is India’s only two-wheeler company to have won the Deming Prize awarded for commitment to quality control, received in 2002.

History

TVS Motor traces its origins back to the entrepreneurial spirit of Trichur Vengaram Sundaram Iyengar who gave up lucrative careers in the Indian Railways and in banking to set up his own business.

He began with Madurai’s first bus service in 1911 and founded T.V.Sundaram Iyengar and Sons Limited, a company that consolidated its presence in the transportation business with a large fleet of trucks and buses under the name of Southern Roadways Limited.

When he died in 1955 his sons took the company ahead with several forays in the automobile sector, including finance, insurance, manufacture of two-wheelers, tyres and components.

The group has managed to run 33 companies that account for a combined turnover of nearly $3 billion.

Source: http://en.wikipedia.org/wiki/TVS_Motor_Company

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