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Shareholding Info
  • Promoters
    50.27 %
  • Foreign institutions-FII
    19.27 %
  • Other domestic institutions
    3.92 %
  • Retail and other
    8.67 %
  • Mutual Funds
    17.87 %

About TVS Motor Company

TVS Motor Company is a leading two-wheeler and three-wheeler manufacturer with a presence in more than 80 countries globally. The company was started as a flagship brand of the TVS Group, founded by TV Sundaram Iyengar. The TVS Group was established in 1911 as a local transportation service in Tamil Nadu before growing its presence in years to come. TVS Motor Company has manufacturing plants at Hosur in Tamil Nadu, Mysore in Karnataka, Nalagarh in Himachal Pradesh and Karawang in Tamil Nadu. The company offers a varied range of products, starting from mopeds, to scooters, commuter motorcycles, to racing-inspired bikes like the TVS Apache series and the TVS Apache RR310.

Business operations

TVS Motor Company came into existence as a subsidiary of the TVS Group. It began its journey by acquiring the moped division of Sundaram Clayton Limited (SCL), which was founded in collaboration between TVS Group and Clayton Dewandre Holdings, United Kingdom. SCL was involved in the manufacturing of brakes, exhausts, compressors, and aluminium and magnesium castings for the automotive industry. It was the flagship brand of the TVS Group before being overtaken by TVS Motor Company.

In 1980, the company introduced TVS 50, a two-seater 50 cc moped. The two-wheeler was designed in-house and was made with indigenous components sourced from various TVS Group companies. TVS 50 became an instant hit thanks to its lightweight and fuel efficiency.

IN 1982, TVS Motor Company teamed up with Suzuki Motor Co Ltd of Japan by signing a technical know-how and assistance agreement. As part of the deal, Suzuki agreed to furnish complete technical information and know-how, and other data. This entity born as a collaboration between the two companies came to be known as Indo Suzuki Motorcycles Ltd.

In 1985, a new company, Lakshmi Auto Components Pvt Ltd, was set up for the manufacture of critical engines and transmission parts. A year later, the company acquired the assets of the moped division from Sundaram Clayton Ltd. The name of the company was changed from Indo Suzuki Motorcycles Ltd to TVS Suzuki Ltd.

After extending the technical aid agreement with Suzuki in 1991, the company introduced two new models of motorcycles in 1992 – Samurai and Shogun.

A year later TVS Scooty made its way to the market and years to come became an integral part of the TVS brand. In September 2000, TVS and Suzuki announced the end of their joint venture.

In 2006, TVS launched its flagship Apache bikes in India. During the 2010s, the company expanded its global footprint by exporting its two-wheelers to various countries.

The company entered the EV segment with the launch of iQube Electric scooters in 2021.

As of December 30, 2023, the company’s market capitalisation stood at over ₹96,200 crore. TVS Motor share price has surged more than 300% in the last three years.

Financial Highlights

  • The company's consolidated revenue from operations grew 31% to ₹31,974 crore in FY23 compared to ₹24,355.3 crore in FY22.
  • The company’s total income in FY23 stood at ₹32,112 crore.
  • Its profit after tax (PAT) increased 43% to ₹1,328.67 crore in FY23 compared to ₹756.82 crore in FY22.
  • The earnings per share (EPS) stood at ₹31.38 in FY23 compared to ₹18.81 in FY22.
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