TVS Motor Company Facts & Figures Thread


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TVS Motor Company contributes Rs. 1 crore to Kerala Chief Minister's Distress Relief Fund (CMDRF)

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Thiruvananthapuram, August 13, 2018: TVS Motor Company today contributed Rs. 1 crore to the Kerala Chief Minister's Distress Relief Fund (CMDRF), in lieu of the distressing flood situation in Kerala. The cheque was handed over to Kerala Chief Minister Shri. Pinarayi Vijayan by Mr. Swaran Singh, CEO, Srinivasan Services Trust (SST)- the social arm of TVS Motor Company in Thiruvananthapuram.

Commenting on the contribution, Mr Swaran Singh, CEO, Srinivasan Services Trust, said, “TVS Motor believes in supporting the communities around us especially in difficult times. Our contribution is a step towards this. Our prayers are with the people of Kerala and we sincerely hope that the situation will improve.”

Over the past years, SST and TVS Motor Company have been actively involved in providing relief to victims of natural calamities across the country.
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TVS Motor partners with Motomundo SA for expansion in Honduras


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TVS Motor Company has strengthened its operations in Central America by forming a partnership with Motomundo SA, one of the largest business groups in Honduras.

As a part of this association, Motomundo SA will facilitate the sales and service of TVS products across all Motomundo stores in the country in a phased manner. Motomundo stores will start with an exclusive outlet for TVS Motor Company and will expand it to three stores in the country within a year.

TVS Motor Company will be present in 40 Motomundo outlets and over 25 dealers across Honduras. The company will also operate 25 service outlets to ensure complete service and spare support. The range of two-wheeler offerings will be supplemented with attractive retail finance schemes, according to the company release.

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TVS Motor Company Registers Sales of 253,261 Units in February 2020​

Hosur, Tamil Nadu, India
TVS Motor Company
registered sales of 253,261 units in February 2020 as against sales of 299,353 units in the month of February 2019 with exports increasing to 82,877 units. As planned, the Company is on track to reducing dealer level BSIV stock in the domestic market and is confident of retailing it this month. In addition, the outbreak of pandemic Coronavirus (COVID-19) has led to impact on supply of certain components for production of BS-VI vehicles. All efforts are on to normalise this at the earliest.

Two-Wheeler
Total two-wheelers registered sales of 235,891 units in February 2020 as against sales of 285,611 units in February 2019. Domestic two-wheeler registered sales of 169,684 units in February 2020 as against sales of 231,582 units in February 2019.

Motorcycle registered sales of 118,514 units in February 2020 as against sales of 122,551 units in February 2019. Scooter registered sale of 60,633 units in February 2020 as against sales of 86,935 units in February 2019.

Exports
The Company's total exports grew by 25% from 66,570 units registered in the month of February 2019 to 82,877 units in February 2020. Two-wheeler exports grew by 23% increasing from 54,029 units in February 2019 to 66,207 units in February 2020.

Three-Wheeler
Three-wheeler of the Company grew by 26% increasing from 13,742 units in February 2019 to 17,370 units registered in February 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.
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TVS Motor Company Takes Active Measures to Combat COVID-19​

Chennai, Tamil Nadu, India
  • Halts operations at all its manufacturing facilities and offices in India and globally till further notice
  • Work from Home implemented in all applicable offices

TVS Motor Company
, today announced significant measures to tackle the spread of COVID-19 (Coronavirus). The company has decided to halt all manufacturing operations at its plants in India and Indonesia till further notice. All relevant employees have already been provided with Work from Home facility.

The well-being of the employees is paramount for the company. The immediate focus is to ensure the safety of employees, their families, and the extended enterprise including suppliers, dealers and our customers.

TVS Motor Company has assured that it will protect jobs and salaries in the wake of the COVID-19 pandemic. The company also assured that they would work closely with their dealers and suppliers and extend all support to them in the face of this unexpected difficulty.

Meanwhile, the company has urged employees to adhere to the measures and they have been assured of complete support as they transition to new workplace arrangements in this unprecedented time. TVS Motor Company is continuously reviewing the situation to ensure safety and well-being of the community.

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 endeavor 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
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TVS Motor Company and Sundaram-Clayton Ltd. Announce Spends of INR 30 Crore to Support Nationwide Efforts to Combat COVID-19​

Chennai, Tamil Nadu, India
TVS Motor Company
, a reputed manufacturer of two-wheelers and three-wheelers and die-caster Sundaram-Clayton Ltd. (SCL) have announced spending of INR 30 crore to support the nationwide efforts to curb the spread of COVID-19.

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Volunteers involved in providing cooked meals and deploying vehicles and disinfectants to municipalities


‘’This is an unprecedented crisis that requires all of us to cooperate and support each other as a nation,’’ said Mr. Venu Srinivasan, Chairman, TVS Motor Company’Our priority is to help the government efforts to contain and mitigate the effects of this pandemic. We will continue to do what we can for the community and people, as we have done in our 100-year history.’’

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Volunteers involved in providing cooked meals and deploying vehicles and disinfectants to municipalities


The funding will come through Srinivasan Services Trust (SST), the social arm of TVS Motor Company and Sundaram-Clayton Ltd. and will include measures ranging from manufacturing and supplying supportive equipment such as masks, to providing cooked meals to those in the frontline - from healthcare workers to police officers.

The first phase of the program is underway and SST has supplied 10 tractors fitted with disinfectant spray along with about 30 personnel to the Hosur Municipal Corporation in Tamil Nadu, and municipalities in Krishnagiri and Mysuru. The streets and villages in and around these towns are being sprayed with disinfectant as an ongoing process. SST will also manufacture and distribute 1 million face masks to those delivering essential services from healthcare to food supplies.

TVS Motor Company and SCL are using canteen kitchens in Hosur, Padi (Chennai) and Mysuru to make cooked food which is being distributed to police, healthcare workers and essential services workers in and around Hosur, Chennai and Mysuru. In Baddi, Himachal Pradesh, the company is distributing daily, dry ration kits to daily wage workers who have been displaced, and also to villagers who need food supplies.

In addition, they are evaluating collaborations with 3D printing companies to make ventilators that will help support hospitals which lack the necessary life support systems to cope with patient care for COVID-19 victims.

TVS Motor Company and Sundaram-Clayton Ltd. have shut all offices and manufacturing facilities as per the guidelines. This is a difficult time for all stakeholders and the company is exploring various methods to mitigate the financial duress and also appeals to all countrymen to do their part by observing the lockdown and maintaining hand hygiene and social distancing.

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 endeavor 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.

About Sundaram-Clayton Limited

Sundaram Clayton Limited (SCL) is part of the $8.5 billion TVS group, one of the largest auto components manufacturing and distribution group in India. SCL is a leading supplier of aluminium die castings to automotive and non-automotive sector. Since commencing operation in 1962, SCL has achieved many milestones and emerged as one of the preferred solution provider in machined and sub-assembled aluminium castings. Our contribution commences from early design stage to development and supply of finished product. Over the years, we have built strategic partnership with global OE/Tier one. With the robust manufacturing driven by TQM, TPM, Lean practices and investments in state-of-the-art technologies, SCL is poised to serve the future needs of the industry in light metal castings.
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TVS Motor Company announces Service Support for customers

Chennai, March 28, 2020:
We are all in the midst of unprecedented times as we navigate the rapidly-evolving situation of COVID-19. Over 1.3 billion are under total lockdown till April 15, 2020 as India looks to contain the spread of coronavirus, we all need to support all actions that are being taken at national and local level in the interest of the entire community.

At TVS Motor Company, we want to reassure that we are taking necessary and comprehensive actions to connect with our customers and support their well-being.

TVS Motor Company has been synonymous with customer centricity. It will be our priority to continuously work towards minimising any inconvenience to our valued customers during these challenging times. As a law abiding, responsible partner of our network associates, we are gearing up to address urgent requirements from customers while factoring safety of our associates.

Service Support:

• Toll-free number 18002587111 will continue to function to address queries and concerns real time. Dedicated resources have been allocated between 9:00 AM to 6:00 PM to guide through situation-based solutions.

• The entire service support team of TVS Motor Company is accessible on customercare@tvsmotor.com regarding any query or concern.

• Road Side Assistance (RSA) number, 18002587111, continues to be accessible 24/7 and associates across locations will support, wherever legally possible. The service will continue to be free for enrolled members and charged to others.

• Associates will follow precautionary health norms as stipulated by authorities to provide a safe experience, as and when they are functional.

• The Area Office team in the respective state will be available for escalation and to ensure seamless support to all our customers in this hour of crisis.

Availing Service
• Free service of vehicles due between March and April, 2020 will be redeemable till June 2020.

• For vehicles where warranty is expiring between 1st March and 30th April 2020, we are extending it to 30th June, 2020.

• AMC services due between March and April, 2020 will be redeemable till June, 2020.

We are waiting to serve our esteemed customers once normalcy is restored and we all need to collectively work towards that. We request you to take the necessary measures to safeguard yourself and your families against the spread of COVID-19 by staying at home and maintaining social distancing.

At TVS Motor Company, our business fundamentals and long-term vision are particularly strong assets. We are confident in our ability to face and overcome this phase of our history. Let us all be socially responsible. Stay safe and take care.

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 endeavor 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.
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TVS Motor Company successfully completes BS-VI transition, impact of March numbers due to COVID-19
Hosur, April 02, 2020
: TVS Motor Company registered sales of 144,739 units in March 2020 as against 325,323 units in March 2019. There has been a huge impact on the Company’s production and sales this month because of COVID-19 lockdown across the country. TVS Motor Company launched attractive and feature rich BS-VI versions of its entire portfolio. These have been well received and there are adequate stocks already in the market when it reopens. International market demand was also good for both two-wheeler and three-wheeler categories. However, due to the lockdown, there was a significant loss in production, and also vehicle stock in the factory for both domestic and international markets, which could not be dispatched.

TVS Motor Company started the transition to BS-VI in Q3 of FY 19-20 and this effective planning helped the Company in complete readiness of BS-VI vehicle supplies in Q4. The company including its dealers have almost entirely retailed all BS-IV vehicles and the Company is fully gearing up for focus on its BS-VI range once the market opens.

Two-Wheeler:
Total two-wheelers registered sales of 133,988 units in March 2020 as against 310,885 units in March 2019. Domestic two-wheelers recorded sales of 94,103 units in March 2020 as against 247,694 units in March 2019.

Motorcycles registered sales of 66,673 units in March 2020 as against sales of 141,086 units in March 2019. Scooter sales of the Company registered 34,191 units in March 2020 as against sales of 98,477 units in March 2019.

Exports:
The Company's total exports registered sales of 50,197 units in the month of March 2020 as against sales of 76,405 units in March 2019. Two-wheeler exports registered sales of 39,885 units in March 2020 as against sales of 63,191 units in March 2019.

Three-Wheeler:
Three-wheeler of the Company registered sales of 10,751 units in March 2020 as against sales of 14,438 units in Mach 2019.

Fourth Quarter Sales Performance:

During the fourth quarter of the current financial year, two-wheeler registered sales to 5.90 lakh units as against 8.66 lakh units registered in the fourth quarter of the previous year. Three-wheeler sales of the Company grew by 3% from 0.41 lakh units in the fourth quarter of the previous year to 0.43 lakh units in the fourth quarter of the current year.

Full Year Sales Performance:
During the financial year 2019-20, two-wheeler sales of the Company registered 30.89 lakh units as against sales of 37.57 lakh units in the financial year 2018-19. Three-wheeler sales of the Company grew by 11% from 1.56 lakh units in the financial year 2018–19 to 1.74 lakh units in the financial year 2019-20.

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 endeavor 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.
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Statement from Mr. Venu Srinivasan, Chairman, TVS Motor Company, on the RBI Governor’s press conference today.

“I strongly support the measures announced by the RBI today to support the economy in this period. It is a sign of their continued efforts to stimulate economic activity and protect jobs. The LTRO for NBFCs and micro-lenders is a good tool to ease liquidity without tinkering with policy rates and Rs. 50,000 Crore is a substantial amount. This should, restore confidence especially among the MSME sector which provides a significant portion of the country’s jobs and is integral to all supply chains.

That coupled with a cut in the reverse repo rate will incentivise banks to actively lend to those most in need of funds and make it affordable for businesses to borrow, address their working capital needs and get back into action as the country opens.”
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TVS Motor Company completes acquisition of Norton


Hosur, April 17, 2020:
TVS Motor Company, a reputed manufacturer of two-wheelers and three-wheelers in the world, today announced the successful acquisition of Britain’s most iconic sporting motorcycle, “Norton”, in an all-cash deal for a consideration of GBP16 million by acquiring certain assets of Norton Motorcycles (U.K.) Limited (in administration) through one of TVS Motor’s overseas subsidiaries. This will be one of the most interesting acquisitions of a storied motorcycle maker in recent times and will reflect TVS Motor Company’s and India’s rapidly rising prominence in the international two-wheeler market.

Founded by James Lansdowne Norton, in Birmingham, in 1898, Norton Motorcycles is among the most popular British motorcycle brands of all time and is one of the most emotive marques today. Since the 20th century, Norton Motorcycles is renowned for their classic models and eclectic range of luxury motorcycles ranging from authentic retro classic reboots of the famous Commando to their contemporary 200 bhp, 1200cc V4 super-bikes.

Commenting on the acquisition, Mr. Sudarshan Venu, Joint Managing Director, TVS Motor Company said, “This is a momentous time for us at TVS Motor Company. Norton is an iconic British brand celebrated across the world, and presents us with an immense opportunity to scale globally. This transaction is in line with our effort to cater to the aspirations of discerning motorcycle customers. We will extend our full support for Norton to regain its full glory in the international motorcycle landscape.”

Mr. Sudarshan Venu further added, “Norton will continue to retain its distinctive identity with dedicated and specific business plans. TVS Motor will work closely with customers and employees in building the success and pre-eminence of the Norton Motorcycles brand and we look forward to growing together globally in the years to come.”

TVS Motor Company is excited about the existing and upcoming products at Norton Motorcycles including Commando, Dominator and V4 RR. Confident of the strong synergy between both the brands, we believe that Norton Motorcycles can leverage TVS Motor Company’s global reach and supply chain capabilities to expand to new markets.

The acquisition was undertaken under the guidance of financial advisors, Rothschild and Co, and legal advice for the transaction was provided by Khaitan & Co, and Slaughter and May.


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.
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Norton Motorcycles Will Not Be Manufactured In India



TVS Motor Company has acquired British motorcycle brand Norton Motorcycles in an all-cash deal for GBP 16 million last week. But there are no plans to shift any manufacturing of Norton Motorcycles to India. In an interaction with carnadbike, TVS Motor Company Joint Managing Director Sudarshan Venu said that Norton motorcycles will continue to be manufactured in the UK. The TVS Joint MD told carandbike that the same design and assembly team will be retained, even though the British brand is under TVS ownership now. TVS is now the exclusive owner of Norton Motorcycles, and the headquarters of the British motorcycle brand will be shifted from Donington Hall to a new address somewhere in the same vicinity. TVS will be looking to leverage the expertise of the existing design and engineering team, as it looks to re-establish Norton as a global premium motorcycle brand.

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A quote from Mr. R AnandaKrishnan, Executive Vice President – Human Resources and Information Technology, TVS Motor Company, on the measures being put in place by the company once the operations resume for the safety of its employees and all the stakeholders.

At TVS Motor Company, we have been working on building resilience by integrating flexibility, adaptability, and agility into our operations. To ensure consistent workflow, employees have access to best-in-class collaboration platform which helps them ensure seamless connect with their functional and cross-functional teams while working from home. In the past month, the employees have adapted extremely well to this workflow.

It is our priority to ensure that the employees and their family are provided with all possible support and assistance to overcome the pandemic crisis. We are continuously taking adequate measures to safeguard their physical and mental health amidst the looming uncertainty around COVID-19. The company has launched an exclusive app ‘In Case of Emergency’ (ICE) for employees to avail during exigencies. The objective of the app is to create an emergency response mechanism for any requirement of the employee ranging from Health, Medicine, Cash or Miscellaneous. The company has identified leaders in employee residential area as the POCs to ensure that all queries are addressed real time and resolutions are guaranteed. Employees have been accessing the application for multiple requirements which are being closed effectively. The efficient app has transformed the way TVS Motor family is connecting during this crisis.

Ahead of resuming operations, TVS Motor Company has created a compulsory online module charting hazard warning and personal protection guidelines in the wake of COVID-19. The objective of the module is to create necessary awareness about safety and precautionary measures to be followed to contain the virus post lockdown. Only those employees who have cleared the assessment will be allowed to resume work. Operations will be resumed according to State Government guidelines.
  • Transport: The employees will receive travel guidelines for social distancing in both personal as well as company transport.
  • Compulsory Masks: Employees have to compulsorily wear masks before leaving their home and it is mandatory to wear the same at all times in office premises as well as in transit.
  • Entry to Factory premises: The factory set-up has distance earmarked for social distancing from gate to the respective work areas. All employees will have mandatory temperature check as well as need to use sanitisers at the entrance of the factory.
  • Safe work place:
a) Common Touch points: The company has worked towards minimising the use of common touch points with innovations such as foot-operated water dispensers, automatic or elbow triggered hand sanitisers, disabled biometric system etc.
b) Social Distancing: Employees have to compulsorily maintain 1.5-meter distance in common areas such as canteen, walking in plant premises and climbing stairs. Employees are encouraged to continue utilising collaborative digital platforms for meetings.
c) Work from Home: WFH practice will be the new normal for employees with consultation from managers.
d) Regular Sanitisation: Sanitisation will be undertaken across the factory and office premises with chemicals approved by WHO and EPA.
e) Medical: Specific guidelines have been shared with employees to address medical emergencies in office premises.

  • Holistic care: Chief Medical Officer (CMO) approved guidelines have been shared with employees to stay safe beyond the workplace.
The company has also created preparedness manuals for Area Offices and Dealerships; however, both have been advised to abide by respective State Government Guidelines.


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TVS Motor Company Sales in April 2020
Hosur, May 02, 2020:
As a responsible corporate, TVS Motor Company, is committed to stand united with the Government and the people in their sustained efforts to overcome the COVID-19 pandemic.

Since March 23, 2020, the Company’s plants have been closed in compliance with the Government of India guidelines. During the month of April 2020, TVS Motor Company had zero sales in the domestic market. Following resumption of operations at Chennai Port, 8,134 units of two-wheelers, and 1,506 three-wheelers were shipped utilising the stocks from March 2020 while ensuring utmost safety.

TVS Motor Company is gearing up to restart operations as per state guidelines and is undertaking strong measures to safeguard the health of the employees. We are optimistic about the potential demand for personal mobility once things normalise.

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 endeavor 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.
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TVS Motor Company resumes manufacturing operations in India, post lockdown

Hosur, May 06, 2020:
TVS Motor Company, a reputed manufacturer of two-wheelers and three-wheelers in the world, has commenced its operations in India across all factories in Hosur, Mysuru and Nalagarh.

The safety of employees and community is of paramount importance to TVS Motor Company. A comprehensive preparedness manual has been designed for employees to ensure complete adherence to necessary safety guidelines to help minimise the spread of the virus. At all its manufacturing facilities, the company has undertaken exhaustive measures to ensure safe workplace for employees with appropriate social distancing and highest standards of hygiene. Work from Home option also continues for certain category of people, in adherence to respective state government guidelines.

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
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Akash
 

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