TVS Motor Company (BSE: 532343, NSE: TVSMOTOR ) is the third largest two-wheeler manufacturer in India[1] and is among the world's top ten.[2] It is the flagship company of the parent TVS Group employing over 40,000 people with an estimated 15 million customers.[3] 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. Contents [hide] 1 History o 1.1 The Legacy of TV Sundaram Iyengar o 1.2 The Early Years o 1.3 The TVS Suzuki Relationship o 1.4 Rise to Present Prominence 2 Awards 3 External links 4 References History The Legacy of TV Sundaram Iyengar TVS Motor traces its origins back to the entrepreneurial spirit of Thirukurungudi Venkagaruswamy 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 1912 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.[4] 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. The Early Years Sundaram Clayton, then the flagship company, was founded in 1962 in collaboration with Clayton Dewandre Holdings, United Kingdom. It manufactured brakes, exhausts, compressors and various other automotive parts. The company set up a plant at Hosur in 1978 to manufacture mopeds as part of a new division.[5] A technical collaboration with the Japanese auto giant resulted in the joint-venture Ind Suzuki Limited in 1982 between Sundaram Clayton Ltd and Suzuki Motor Corporation. Commercial production of motorcycles began in 1984. The TVS Suzuki Relationship TVS and Suzuki shared a 19 year long relationship that was aimed at technology transfer to enable design and manufacture of two-wheelers specifically for the Indian market. Rechristened TVS-Suzuki, the company brought out several models such as the Suzuki Samurai, Suzuki Shogun and Suzuki Fiero. Differences in opinion on how to run the join venture eventually led to the partners going their separate ways in 2001 with the company being renamed TVS Motor, relinquishing rights to use the Suzuki name. There was also a 30 month moratorium period during which Suzuki promised not to enter the Indian market with competing two-wheelers.[6] The company also got over a period of labour unrest that required Chairman Venu Srinivasan to take tough measures to resurrect a company that was in a state of turmoil. He would go on to invest in new technology, nurture in-house design, and implement Toyota-style quality programs.[7] Rise to Present Prominence Over the years TVS Motor has grown to be the largest in the group, both in terms of size and turnover, with four state of the art[8] manufacturing plants in Hosur, Mysore and Nalagarh in India and Karawang in Indonesia. TVS Motor is credited with many innovations in the Indian automobile industry, notable among them being the introduction of India's first two-seater moped, the TVS 50cc. The company became the leader in its category of sub 100 cc mopeds, having sold 7 million units. It also introduced the TVS Scooty, which is India's second largest brand in the scooterette segment.[9] The TVS Jive launched in November 2009 became India's first clutch-free motorbike aimed at a stress-free rider experience[10] while the unisex scooter Wego is targeted at urban couples, featuring body-balance technology for easier handling.[11] Awards TVS Motor won the Deming Application Prize in 2002, becoming the first and only Indian twowheeler company to win the award given to companies that do outstanding work in the field of Quality Management. It is considered to be one of the world's most prestigious quality awards.[12] The same year, the work done for the TVS Victor motorcycle won TVS Motor the National Award for successful commercialization of indigenous technology from the Technology Development Board, Ministry of Science & Technology, Government of India.[13] In 2004, TVS Scooty Pep won the 'Outstanding Design Excellence Award' from BusinessWorld magazine and the National Institute of Design, Ahmedabad.[14] The effective implementation of Total Productivity Maintenance practices won TVS Motor the TPM Excellence Award given by the Japan Institute of Plant Maintenance in 2008. TVS Motor has won several management awards, notable among them being the Emerging Corporate Giant in the Private Sector awarded by The Economic Times and the Harvard Business School Association of India. Business Today magazine awarded TVS Motor the Best Managed Company and the Most Investor Friendly Company awards. Its advertising practices won it the Good Advertising award by Auto India Best Brand Awards 2009. one of India's highest civilian distinctions.000 shares allotted to Anusha Investments (P) Ltd. .20. 1984..000 shares offered to the public.000 shares allotted to employees and business associates and 29. United Kingdom gave him an honorary Doctorate of Science degree[17] while the Government of India honoured him with the Padma Shri.The company received a letter of intent for the manufacture of 20.00. Japan.. Chennai. . 2.000 spark ignition operated out board motors and 30.[16] The University of Warwick.The company was incorporated as Indian Motorcycle Pvt.000 shares issued at par in 1984. 1984 .000 shares allotted to Sundaram Clayton. Sundaram-Clayton. of Japan on 22nd September.000 internal combustion spark ignition engines upto 500cc per annum. N. Ltd. 7. on 15th July. .59. Ltd.00. Ltd. Chennai. 20..The company entered into a technical know-how and assistance agreement with Suzuki Motor Co. It was promoted by Mr.[20] TVS was ranked 54th in The Brand Trust Report published by Trust Research Advisory.[15] Company Chairman Venu Srinivasan is a recipient of several awards for corporate excellence such as the Star of Asia Award by Bloomberg BusinessWeek[7] and the JRD Tata Corporate Leadership Award.000 shares allotted to Suzuki Motor Co. Ltd. 70. Krishnan in collaboration with Suzuki Motor Co. Suzuki agreed to furnish complete technical information and know-how. trade secrets and other data. Its name was changed to Indo Suzuki Motorcycles Pvt. Ltd. As per the terms of the Colloboration..All shares taken up by promoters etc. and it was converted into a public limited company on 12th January.[18] Innovative implementation of Information Technology has won TVS Motor the Ace Award for Most Innovative NetWeaver Implementation in 2007 awarded by technology major SAP AG[19] and the Team Tech 2007 Award of Excellence for Integrated use of Computer-aided engineering Technologies. Ltd. a member of the Company to the extent of Rs 70 lakhs. 1985 .40. Company History .TVS Motor Company 1982 . Ltd. Japan.70. The working was adversely affected due to labour unrest which resulted in a lock-out from 28th February 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 technical aid agreement entered into with Suzuki Motor Co.00.The Company launched two new models of motor cycles viz. Japan which expired in August 1991 was extended for three more years with the approval of the Government of India. . was incorporated for the manufacture of critical engines and transmission parts.The Company launched a new model of moped viz. 1991 .A new company Lakshmi Auto Components Pvt Ltd. 1988 ..20. 1989 .000 Nos. 2:1.The company acquired the assets of the moped division from Sundaram Clayton Ltd. two wheelers.The company obtained a letter of intent for expanding the capacity to 4.154. to TVS Suzuki Ltd with effect from 18th August. `TVS Scooty'. . 1986 . The company subscribed to 39.00.The name of the company was changed from Indo Suzuki Motorcycles Ltd. 1992 . The lock out was lifted in the second week of June 1990. The Company worked for only 10 months due to lock-out. 1993 .000 Rights Equity shares issued at par in prop. whereupon it became a subsidiary of the company. The cost of acquisition was met partly by rights issue of equity shares.10 each of Lakshmi Auto Components Pvt Ltd. 1990 ..000 equity shares of Rs. . `Sumurai' and `Shogun'. was the first company to launch a 100-cc motorcycle in the Indian market.5 lakh capacity scooter plant in Mysore. M/s Lakshmi Auto Components Limited. the Company undertook to develop new models of motorcycles. TVS Suzuki.1995 .Leading two-wheeler manufacturer in the country. Japan . . the information regarding conservation of energy. . 1996 . during the year.100 crore by TVS-Suzuki Ltd (TSL).A statement relating to the subsidiary. Chennai. . .TVS Suzuki is a joint venture between Saundaram Clayton Ltd. 1988.TVS-Suzuki (TSL) . 1956 read with the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules. .acre site near TVS-Suzuki's existing plant at Hosur.As per the requirements of section 217(1)(e) of the Companies Act. It also proposed to introduce upgraded version of mopeds. The proposed project is to come up at a new 57 . and a copy of its annual accounts for the year ended 31st March.The company is taking steps to meet the increase in demand for its products and improve the market share. .a joint venture between the TVS group and Suzuki Motor Corporation.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. technology absorption and foreign exchange earnings and outgo are given in annexure I to this report. Japan.TVS-Suzuki plans to set up an auto ancillary estate through joint venture with some of its existing components suppliers. will soon set up a new 2. In addition.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. 1996 are attached to the Balance Sheet pursuant to section 212 of the Companies Act. of the TVS group and Suzuki Motor Corporation. 1997 . 1956. . has crossed the Rs. Suzuki Fiero.TVS Suzuki Ltd (TSL). 100 crores non-convertible debentures of TVS-Suzuki Limited rating of AA + (high safety with higher standing) has been retained by CARE. the XL Super.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 proposes to introduce kick start facility.TVS Suzuki Ltd on October 1 launched its new generation 4-stroke scooter `TVS Spectra' in Delhi. 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. was launched in spectacular fashion at the TVS Millennium Show on October 1 in New Delhi.The Rs. one of the leading two-wheeler manufacturers in the country.The company is set to launch Spectra on a nation-wide basis in April.. 1999 . . . 1998 .The Company. . the second largest two-wheeler manufacturer in the country. . of which we gave you an exclusive preview last month.TVS Suzuki Limited is officially launching its new moped model. in the Kerala market. .1. . pioneers of Indo-Japanese motorcycles in the country. .TVS Suzuki is all set to launch a scaled-down version of Spectra -the recently launched four-stroke scooter.TVS Suzuki Ltd. has launched its latest offering.000-crore turnover mark in 1997-98.TVS' new-generation state-of-the-art four-stroke scooter Spectra.TVS will be the first company in the country to introduce the 4 stroke scooter in the Indian market. . . 2000 . The Company proposes to relaunch its four-stroke scooter. TVS Victor. close on the heels of its launch in Rajasthan. . here. has forged an alliance with Brand Dotcom to leverage the latter's online expertise brand building on the Net. The price has been fixed at Rs 41. formally launched its indigenously developed 4-stroke motorcycle. Chennai). Spectra.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. Karnataka and Kerala.The Tamil Nadu based TVS-Suzuki has launched the 150 CC four-stroke powerhouse Suzuki Fiero in Tamil Nadu.97 per cent stake of the Japanese company for Rs 9 crore.00.. (ex-showroom. TVS-Suzuki Limited is set to create a special cell to tap the institutional segment. . -The TVS victor sales has crossed 4 lakh unit mark in less than 18 months of its launch.TVS-Suzuki Ltd on August 30th. . -TVS Motor has recorded a 31% growth in its sales.31. Bajaj Auto and Yamaha have grabbed the market share from the country's largest motor cycle maker Hero Honda. -TVS. . .Motocycle giant. TVS Suzuki. 2003 -TVS Motor Company has recorded a market share of 35% from motor cycles division -K. .187.Bajpai has been appointed as an Additional Director on the Board.070 equity shares of Rs 10/each fully paid up.S. . 2002 .Two-Wheeler major. in July.00 million.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. aggregating to Rs 231.TVS Motor Company Ltd has informed that the Board declared an interim dividend of Rs 9.00 per share on 2. It is a 100-cc four-stroke motorcycle targeted at the popular segment and a Fill-it-once-a-month bike.. The Centra has bundled price. power along with fuel efficiency making it a fill-once-a-month bike.here on February 9. claiming to give more mileage to consumers. -TVS Motor Company adds two new models in two-wheeler segment.TVS Motor Company (TVS) launches new 125cc. plant and machinery.990. 4-stroke Victor GLX motorcycle in Chennai on May 02.36. -TVS Motor ties up with State Bank of India for scooter and Motorcycle financing. including R&D.' an exclusive two-wheeler finance scheme .000 vehicles had been sold in the country. style. competitively priced at Rs.990. Lakshmi Auto Components (LAC) with TVS Motors effective from April 2. -TVS Motor launched 4 new mobikes including a new brand 100-cc mobike called the Centra. and it's priced at Rs. for the first time in the State. -TVS Motor Company and Union Bank of India (UBI) have announced the launch of `Union Miles Scheme. on Jan 5 launched Centra. -Launches Fiero F2 and Scooty Pep models -Board of approves the merger of engine components division of its subsidiary. 36. -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. 2004. with variable timing intelligent (VTI) engines. a 100 CC 4 stroke motorcycle -TVS Motor Company launched its new bike . The vehicle has been launched in January in the metros and other cities and so far 8. -TVS Motor Company Ltd has introduced its own racing bikes which Team TVS will test on the tracks in Asian Circuit. inorder to compete with Bajaj Pulsar. a 100 cc four-stroke motor cycle. -TVS Motor Company Unveil TVS Centra With ' VT-i Engines'.-C V R Panikar has been appointed as Additional Director on the Board of TVS Motor Company Ltd. 2003 2004 -TVS Motor . nearly Rs 100 crore investment had gone into the launch of 'Centra'. 2004 . -TVS Motor Company has reintroduced Fiero.TVS Centra . 2009 .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 rolls out TVS Canmobile -TVS picks up Asian Network for Quality award -TVS unveils new version of 'Victor GX' 2005 -TVS Motor Company introduced its entry-level 4-stroke motorcycle TVS Star . in Chandigarh. aimed at gaining lost share in a highly competitive market.TVS Motor Company has launched India's first auto-clutch motorcycle.TVS Jive. 2010 .in the Kerala market -TVS rolls out Star bike in Andhra Pradesh -TVS Motor Company launches TVS Centra VT-i. which is its latest scooterette targeted at girls of 16 to 20 age group. an auto-clutch motorcycle and an automatic scooter. a variant of its four-stroke 100cc model TVS Centra on May 6 -TVS Motor rolls out two motorcycle variants named Victor EDGE. .-TVS Vice President resigns -TVS Motors forges alliance with Andhra Bank -Canara Bank. Source : .TVS Motor Company entered the 110 cc segment by unveiling 2 brand new products. StaR City and Scooty Pep plus 2006 -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 2007 -TVS Motor Co.TVS Motor Company launched Scooty Streak. including its first three-wheeler and a new 125 cc bike. has rolled out seven new vehicles. . Many firsts to the Automotive Industry in India TVS has been at the forefront in bringing a revolution in the way personal commutation was happening. India's first 2 seater 50 cc moped First Indian company to introduce 100 cc Indo .first two wheeler in India to have racing inspired engine and features. Indian Bank signed an MoU with the company for financing three wheelers manufactured by the company.first bike to win 6 awards in a row Apache RTR . a semi-synthetic 4T Engine Oil. in Chandigarh. Shaolin Launched India's first 150 cc. giving the bike formidable stopping power and superior braking control that compliments its high performance capability. way back in the 1980s. Launched the revolutionary VT-I engine for the best in class mileage in TVS Centra Launched TVS Apache . TVS Scooty Electric Vehicle and Three wheeler TVS King launched. the company introduced ABS (Anti-lock Braking System) in their premium segment motorcycle TVS Apache RTR 180. In March 2011. In February 2011.TVS Jive.100 cc variomatic) .TVS Scooty Introduced India's first catalytic converter enabled motorcycle. TVS has often taken the unbeaten path to innovation. the company launched TVS TRU4 Premium. . Beginning with launching a simple. easy-to-use moped for the middle class in India in the 1980s to launching 7 new bikes in a single day (first time in the history of the automotive industry in the world).The Fiero Launched India's first fully indigenously designed and manufactured motorcycle. the 110 cc Shogun Introduced India's first 5 speed motorcycle. Ushering in the personal transportation revolution 1980 1984 1994 1996 1997 2000 2001 2004 2006 2007 2008 2009 Launched TVS 50.TVS Motor Company has launched India's first auto-clutch motorcycle. TVS Apache RTR 180 and TVS Streak launched lutions Limited 2010 . 4 stroke motorcycle .Japanese motorcycles Launched India's First indigenous scooterette (sub . TVS Flame. 8 Million ( year ending Mar 2011) Company SecretaryK S SrinivasanBankersAuditorsSundaram & Srinivasan TVS Motor Company was incorporated in 1982.co.031739 ( Rs. K S Srinivasan. TVS Star and TVS Flame. 1945. It has four manufacturin FinancialsTotal Income . TVS Motor is the flagship company of the $4 billion TVS Group.39 ( USD in Millions )Market Cap 30168. T Kannan. R RAMAKRISHNAN. . The company manufactures a wide range of two wheelers such as mopeds.8) Haddows Road. Tamil Nadu www. In the motorcycles segment company it has created brands like TVS Apache. H Lakshmanan.tvsmotor.inManagement Details Chairperson . in Millions )Corporate AddressJayalakshmi Estates. Prince Asirvatham. T S Rajagopalan.Rs.Rs. It is third largest two-wheeler manufacturer in India and one among the top ten in the world. The company manufactures a wide range of two wheelers such as mopeds.Venu Srinivasan Directors . 63236.4 Million ( year ending Mar 2011) Net Profit . scooters and motorcycles. TVS Motor is the flagship company of the $4 billion TVS Group. scooters and motorcycles. Venu Srinivasan Business OperationAutomobile Two & Three WheelersBackground Com. It has four manufacturing facilities located at Hosur. Chennai-600006. It is third largest two-wheeler manufacturer in India and one among the top ten in the world.snapshot:Date of Establishment 1982Revenue1505.C R Dua. K S Bajpai. History:- TVS Motor Company was incorporated in 1982.29 (Old No. Himachal Pradesh and Indonesia and a production capacity of 300 thousand units a year.Venu Srinivasan MD . Mysore. the two-wheeler major became the first Indian company to introduce 100cc IndoJapanese motorcycles. Government of India for its indigenous technology for TVS Victor at Technology Award 2002 Outlook In order to cater premium segment TVS motors launched Apache RTR 160 RD motorcycle Key executives:S. In 1994 it launched India’s first indigenous scooterette -. In 1984. It has created brands like TVS XL Super and TVS XL Heavy Duty in mopeds segment. Milestones In the year 1980 TVS Motor launched India’s first two-seater 50cc moped TVS 50.In variomatic scooters segment TVS Motor manufactures brands like TVS Scooty Pep + and TVS Scooty Teenz.a 100cc model.TVS Scooty.No 1 3 2 7 8 4 Name Venu Srinivasan Venu Srinivasan K S Srinivasan H Lakshmanan T Kannan C R Dua Designation Chairman Managing Director Company Secretary Director Director Director . Awards TVS Motor Company is the only two-wheeler company in the world to be honoured with Deming Prize as recognition in Total Quality Management It was awarded by Ministry of Science. 50 0.00 0.73 20.00 0.00 571264.40 1205.40 5402.20 3143.40 8.5 6 9 K S Bajpai R Ramakrishnan Prince Asirvatham Director Director Director Company Sales (Rs.Million) 832567.90 12353.05 4.35 17.00 2010 03 Components TVS Motor Company Ltd: History 1982 .80 8220.00 43.00 704557.00 14702.68 0.01 2.00 39257.30 4218.00 0.00 13406.80 466206.00 0.00 % of STO 40.Million) Current Price Product Name Motorcycles Scooters Mopeds Components Three-Wheelers Spares and Accessories Motorcycles Mopeds Scooters Spares and Accessories Three-Wheelers Year Month 2011 2011 2011 2011 2011 2011 2010 2010 2010 2010 2010 03 03 03 03 03 03 03 03 03 03 03 Sales Sales Quantity Value(Rs.00 309514.97 18.00 20462.30 0.00 27488.95 19.00 637895.57 9.58 0.30 9524. Ltd. Japan.. The lock out was lifted in the second week of June 1990.10 each of Lakshmi Auto Components Pvt Ltd. 2:1.The name of the company was changed from Indo Suzuki Motorcycles Ltd.. 1991 . Japan. Japan which expired in . ..59. and it was converted into a public limited company on 12th January. 2. Chennai..00.The company acquired the assets of the moped division from Sundaram Clayton Ltd.20. .The company entered into a technical know-how and assistance agreement with Suzuki Motor Co. 1988 .The company received a letter of intent for the manufacture of 20.000 shares allotted to Suzuki Motor Co. on 15th July. Suzuki agreed to furnish complete technical information and know-how.000 Rights Equity shares issued at par in prop. Ltd.000 shares offered to the public. whereupon it became a subsidiary of the company.70.." was incorporated for the manufacture of critical engines and transmission parts. As per the terms of the Colloboration. It was promoted by Mr.00. .00.000 shares allotted to employees and business associates and 29.The company obtained a letter of intent for expanding the capacity to 4. to TVS Suzuki Ltd with effect from 18th August.The technical aid agreement entered into with Suzuki Motor Co.The company launched a 34cc miniped to take advantage of the Motor Vehicle Act that exempts such vehicles from the payment of road tax. 1989 . 7.40.The working was adversely affected due to labour unrest which resulted in a lock-out from 28th February 1990.000 shares issued at par in 1984. Sundaram-Clayton.All shares taken up by promoters etc.. trade secrets and other data. Ltd. 70. Chennai. N. two wheelers. Its name was changed to Indo Suzuki Motorcycles Pvt.000 Nos. 1990 . .The company was incorporated as Indian Motorcycle Pvt. Ltd. of Japan on 22nd September.000 internal combustion spark ignition engines upto 500cc per annum. 1985 . 1986 .A new company "Lakshmi Auto Components Pvt Ltd. Krishnan in collaboration with Suzuki Motor Co.000 spark ignition operated out board motors and 30.000 equity shares of Rs. 20.000 shares allotted to Anusha Investments (P) Ltd.154. The cost of acquisition was met partly by rights issue of equity shares. Ltd. 1984. Ltd.00.000 shares allotted to Sundaram Clayton. The Company worked for only 10 months due to lock-out. The company subscribed to 39. . a member of the Company to the extent of Rs 70 lakhs. 1984 .20. Ltd. 1956.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. technology absorption and foreign exchange earnings and outgo are given in annexure I to this report. the information regarding conservation of energy. 1992 . 1996 are attached to the Balance Sheet pursuant to section 212 of the Companies Act. 1956 read with the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules.August 1991 was extended for three more years with the approval of the Government of India. 1988.was the first company to launch a 100-cc motorcycle in the Indian market. and a copy of its annual accounts for the year ended 31st March.As per the requirements of section 217(1)(e) of the Companies Act. In addition. It also proposed to introduce upgraded version of mopeds. Japan . M/s Lakshmi Auto Components Limited. will soon set up a new 2.TVS-Suzuki (TSL) .5 lakh capacity scooter plant in Mysore. Chennai. .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. The proposed project is to come up at a new 57 . . TVS Suzuki. `TVS Scooty'. 1993 . 1997 . 1995 .acre site near TVS-Suzuki's existing plant at Hosur. . the Company undertook to develop new models of motorcycles. . 1996 .The Company launched two new models of motor cycles viz. during the year. `Sumurai' and `Shogun'.The company is taking steps to meet the increase in demand for its products and improve the market share.TVS-Suzuki plans to set up an auto ancillary estate through joint venture with some of its existing components suppliers.100 crore by TVS-Suzuki Ltd .a joint venture between the TVS group and Suzuki Motor Corporation.Leading two-wheeler manufacturer in the country. .The Company launched a new model of moped viz.A statement relating to the subsidiary. it should allow Suzuki to set up a 100 per cent subsidiary.Suzuki has indicated to the TVS group that if it did not agree to the Japanese company's acquiring a majority stake.TVS Suzuki Ltd. . 100 crores non-convertible debentures of TVS-Suzuki Limited rating of AA + (high safety with higher standing) has been retained by CARE. 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 is all set to launch a scaled-down version of Spectra -. . was launched in spectacular fashion at the TVS Millennium Show on October 1 in New Delhi. .The company is set to launch Spectra on a nation-wide basis in April. pioneers of Indo-Japanese motorcycles in the country.TVS Suzuki Ltd on October 1 launched its new generation 4-stroke scooter `TVS Spectra' in Delhi. . in the Kerala market.The Company. . has launched its latest offering. 2000 .(TSL). the XL Super.The company proposes to introduce kick start facility.the recently launched fourstroke scooter.TVS Suzuki Ltd (TSL). .000-crore turnover mark in 1997-98.TVS' new-generation state-of-the-art four-stroke scooter Spectra. has crossed the Rs. .TVS Suzuki Limited is officially launching its new moped model. . . Suzuki Fiero. the second largest two-wheeler manufacturer in the country. of the TVS group and Suzuki Motor Corporation. Japan.TVS will be the first company in the country to introduce the 4 stroke scooter in the Indian market.The Rs. one of the leading two-wheeler manufacturers in the country.1. .TVS Suzuki is a joint venture between Saundaram Clayton Ltd. of which we gave you an exclusive preview last month. 1998 . . 1999 . Covers Plastic. . Spectra. India's first two-seater moped rolled out of the factory at Hosur in Tamil Nadu.Two-Wheeler major. formally launched its indigenously developed 4-stroke motorcycle.. has forged an alliance with Brand Dotcom to leverage the latter's online expertise brand building on the Net. Srinivasan .com Royal Sundaram Car Insurance . www. TVS Victor. Chennai). Hassle Free Claims. The TVS 50 XL is especially designed for individuals who want economy fused with sporty looks. (ex-showroom.The Tamil Nadu based TVS-Suzuki has launched the 150 CC four-stroke powerhouse Suzuki Fiero in Tamil Nadu. TVS 50 was successful and it has smoothened the way for many successes for TVS Suzuki even before its launch in the market. The Suzuki Samurai was launched for the time conscious urban commuter. close on the heels of its launch in Rajasthan.TVS-Suzuki Ltd on August 30th.'to design.The Company proposes to relaunch its four-stroke scooter. in July. The Max 100 R was engineered for those who demanded strength and .' This vision was realized in 1980 when TVS 50. The price has been fixed at Rs 41.Buy Now! royalsundaram. here. . . Scooterthe founder of the Sundaram Clayton Group. Recently new XL Super With a 70 cc high-tech Power Pack is all set to redefine the category of mopeds in the country. the late T. Karnataka and Kerala. The company has been known for its ruggedness and reliability. TVS Suzuki. Metal Parts . .racycles. - TVS Suzuki Ads by Google Look Road Bikes Exceptional Inventory and Prices.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. TVS-Suzuki Limited is set to create a special cell to tap the institutional segment.S. . develop and produce an affordable moped for the Indian family.187. Full Stock on All Models.in/Car_Insurance TVS Motor is a leading and trusted two wheeler company began with the vision of TVS Scooty. Southern India.Motocycle giant. 246 units . Ads by Google ICICI Two wheeler Save Money on Your Two Wheeler Insurance. And each time the 'Team TVS' has won on the track or off it. The Suzuki Shaolin. the company has got 19% growth for registering total two wheeler sales of 137. 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