TVS Motor Company, a manufacturer of two-wheelers and three wheelers globally, announced a strategic association with the food ordering and delivery platform, Zomato. This association is in line with TVS Motor’s commitment towards its green and sustainable mobility solutions. It further strengthens the company’s electrification journey across diverse mobility segments and aligns with Zomato’s efforts…
Tag: TVS Motor Company
TVS Motor Company appoints B Sriram to its Board
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•TVS Motor Company Limited announced the appointment of B Sriram as an Additional Director and Non-Executive Independent Director on the company’s Board, with effect from January 24, 2023. According to the company’s exchange filing, “We wish to inform that, the Board of Directors at their meeting held today, inter alia, approved the appointment of Mr…
TVS Motor Company intends to invest Rs 1,000 Cr in Madhya Pradesh, to create over 2,000 jobs
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•TVS Motor Company, one of the largest manufacturers of two-wheelers and three-wheelers in the world, expressed its intention to invest in Madhya Pradesh for its potential future two-wheeler and three-wheeler expansion in electric and internal combustion engine (ICE) vehicles. Over a period of time, this could entail an investment of over Rs.1,000 Crores and generating…
TVS Motor Company expands its global footprint; launches its first TVS Experience Centre in Singapore
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•TVS Motor Company, a manufacturer of two-wheelers with sales of over three million units globally, inaugurated its first state-of-the-art TVS Experience Centre in Singapore. This launch is in line with the company’s global expansion plans. The new TVS Experience Centre will offer a range of TVS Motor’s premium motorcycles including the flagship model, TVS Apache…
TVS Motor Company announces investment in Formula 1 Driver Narain Karthikeyan’s start-up “DriveX”
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•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…
Sudarshan Venu elevated as MD of TVS Motor Company
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•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 join hands with Rapido to strengthen hyperlocal mobility
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•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 announces additional investment of £100 mn in Norton Motorcycle
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•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…
Rapido raises $180 mn from Swiggy, TVS Motor, others
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•Rapido, a bike-taxi aggregator, announced it has raised about $180 million in Series D funding round from Swiggy. WestBridge, TVS Motor, Nexus Ventures and Shell Ventures also participated in the funding round. The startup will utilise the funds to bolster its technology and strengthen its teams across diverse sets of capabilities, increase overall supply to…
Jio-bp and TVS Motor Company to collaborate on EV solutions
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•Jio-bp and TVS Motor Company announced that they have agreed to explore the creation of a robust public EV charging infrastructure for electric two-wheelers and three-wheelers in the country, building on Jio-bp’s growing network in this space. Under this proposed partnership, the customers of TVS electric vehicles are expected to get access to the widespread…
TVS Motor Company acquires majority stake in British e-bike maker EBCO Limited
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•TVS Motor (Singapore) Pte. Limited (TVSM Singapore), a subsidiary of TVS Motor Company Limited, announced it has acquired 70 per cent stake in EBCO Limited, a British company providing smart connected mobility solutions. According to the company’s exchange filing, “We wish to inform you that TVS Motor (Singapore) Pte. Limited (TVSM Singapore), a wholly-owned subsidiary…
TVS Motor Company acquires Swiss E-Mobility Group AG
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•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 appoints Venkat Viswanathan as Technical Advisor for Electric Mobility
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•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 raises Series C funding from TVS Motor Company and Zoho Corporation
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•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 strengthens its presence in Central America
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•TVS Motor Company, a manufacturer of two-wheelers and three-wheelers globally, announced its new distribution partnership with Active Motors SA, a subsidiary of Grupo Q, for Nicaragua and Costa Rica to expand its business in Central America further. Active Motors SA will support TVS Motor with dedicated sales, service, spares and customer relationship management (CRM), the…