Venu Srinivasan, Chairman, TVS Motor Company, was today presented the prestigious Padma Bhushan Award by the Honorable President of India, Shri Ram Nath Kovind, at the Rashtrapati Bhavan. Srinivasan was presented the country’s third-highest civilian award to honour his contribution to the field of trade and industry. He is known to be passionate about his commitment to…
Two-wheeler maker TVS Motor Company has acquired Intellicar Telematics Private Ltd for an estimated sum of ₹15 crore. Bengaluru-based Intellicar Telematics Private Limited provides a one stop integrated IoT solution with fleet tracking and predictive maintenance solutions to a range of vehicle types. The Telematics startup is a technology focused data-driven organization in the connected…
Leading corporations and business leaders have announced their support to fight Covid-19 pandemic, and apart from their direct efforts, and work being done by their respective foundations or CSR initiatives, some of them have committed funds to the union and state governments relief funds. Most of these funds are expected to be directed towards putting…
TVS Motor Company, a reputed manufacturer of two-wheelers and three-wheelers and its Group Companies TVS Credit Services Ltd, Sundaram-Clayton Ltd., and others announced their commitment to donate Rs. 25 Crores to the PM’s Relief Fund (PM-CARES) to aid the battle against COVID-19. This is in line with the company’s recent announcement of Rs 30 crore…
Japan-based Koito Manufacturing Co. Ltd has announced that it has acquired full control of India Japan Lighting Pvt. Ltd (IJLPL), which is a joint venture with TVS Group. The transaction was done for Rs.148.5 crore with Kioto acquiring the remaining 29.9% stake in Chennai-based IJLPL. The acquisition will boost IJLPL’s and Koito’s profitability and growth…