TVS Motor Company, one of the leading manufacturers of two-wheelers and three-wheelers globally, announced investment in Narain Karthikeyan’s start-up “DriveX” (NKars Mobility Millennial Solutions Private Limited), a pre-owned two-wheeler platform. TVS Motor sees a strong potential in the pre-owned two-wheeler market, which is witnessing a structural shift from the unorganized to the organized sector. The…
G Venkatraman will retire as the Director and CEO of TVS Credit Services Limited on 31st August 2022. He will be succeeded by Ashish Sapra as CEO, who will join the organization in the first week of September 2022. Commenting on the development, Sudarshan Venu, Director, TVS Credit Services Limited, said, “Over the last few years, TVS…
TVS Motor Company, a manufacturer of two-wheelers and three-wheelers globally, announced at its board meeting today the elevation of Sudarshan Venu as Managing Director of the Company, effective today. Sudarshan has been charting the future of one of India’s leading two-wheeler manufacturer and has made it the most awarded two-wheeler company. He has played a…
TVS Motor Company, a manufacturer of two-wheelers and three-wheelers globally, announced a strategic partnership with Rapido, an on-demand delivery and mobility platform by signing a Memorandum of Understanding (MoU). As part of the MoU, TVS Motor and Rapido will look to collaborate by leveraging synergies of their respective businesses in the fast-moving mobility market in…
TVS Motor Company, a manufacturer of two-wheelers and three-wheelers globally,announced an additional investment of £100 million in Norton Motorcycles, Britain’s sporting motorcycle brand, which was acquired in April 2020. Norton recently opened its new manufacturing facility in Solihull, West Midlands, building British bikes in England using traditional hand-crafted techniques with modern-day machinery for consistently high…
Coromandel International Limited, a company that provides agri-solutions provider, announced the appointment of Sudarshan Venu, Joint Managing Director of TVS Motor Company Limited, to its Board of Directors, effective February 3, 2022. “The Board of Directors at its meeting held today, i.e., February 03, 2022, approved the appointment of Mr. Sudarshan Venu (DIN: 03601690) as…
TVS Motor Company announced the successful acquisition of a 75% stake in the Swiss E-Mobility Group (SEMG). The acquisition reaffirms TVS Motor Company’s commitment to expansion in Europe through a portfolio of premium and technology leading brands, including Norton Motorcycles and EGO Movement, which were recently acquired, according to the company’s statement. SEMG is a market-leading…
TVS Motor Company announced the appointment of Professor Venkat Viswanathan as Technical Advisor for Electric Mobility at TVS Motor Company. Prof. Viswanathan is currently an Associate Professor of Mechanical Engineering at Carnegie Mellon University and is a global leader in advanced batteries for electric mobility. Prof. Viswanathan is a recipient of numerous awards, including the…
Ultraviolette Automotive Pvt. Ltd., an innovator in sustainable mobility, announced that it has raised a new round of capital in its Series C funding, led by TVS Motor Company. Zoho Corporation has joined this round along with TVS Motor, to support Ultraviolette’s vision of developing high performance mobility solutions for India and global markets, the…
TVS Motor Company, a two-wheeler and three-wheeler manufacturer globally, signed a tri-party deal arrangement with Bahwan International Group. The signing ceremony was held at Bahwan International Group, between Sheikh Ahmed Bahwan, Chairman Bahwan International Group and Sudarshan Venu, Joint Managing Director – TVS Motor Company in Muscat, Oman. As per the tri-party deal arrangement, ARATA…
TVS Motor Company, a global manufacturer of two-wheelers and three-wheelers, announced it has entered into a strategic partnership with Tata Power. As part of the MoU, the two companies agreed to drive the comprehensive implementation of Electric Vehicle Charging Infrastructure (EVCI) across India and deploy solar power technologies at TVS Motor locations, the statement said.…
TVS Motor Company, a global manufacturer of two-wheeler and three-wheeler vehicles, announced a partnership with EGO Movement as a majority shareholder, in an all-cash deal through its Singapore Subsidiary TVS Motor (Singapore) Pte Ltd. The partnership is in line with TVS Motor Company’s commitment to building an aspirational product portfolio while nurturing sustainable and scalable…
India’s two-wheeler maker, TVS Motor Company, has announced that it plans to invest Rs 1,000 crore to manufacture electric vehicles. Sudarshan Venu, the company’s joint Managing Director, said that the proposed EVs will fall under an independent vertical. “Mr Venu, a TVS Group prodigy, paves the way for the next generation of leaders. As the…
TVS Motor Company, an Indian-multinational motorcycle company, has announced the acquisition of Britain’s iconic sporting motorcycle Norton in an all-cash deal for 16 million pounds (about Rs 153 crore). TVS Motor will acquire certain assets of Norton Motorcycles UK Ltd through one of its overseas subsidiaries. “The deal will reflect TVS Motor Company’s and India’s…