TVS Motor Company Profile: Products, Promoters and Clients

Question 1: What are the products and services of TVS Motor?

TVS Motor Company Limited is a leading manufacturer of two and three-wheelers in India. The company focuses on sustainable transport and operates four factories in India and Indonesia. Its main business areas include vehicles, parts, automotive components, and financial services. TVS offers a wide range of two-wheelers, such as mopeds, scooters, commuter motorcycles, and high-performance racing bikes like the TVS Apache series and the TVS Apache RR310. They also make electric scooters like the TVS iQube, and TVS X. TVS is known for its innovation, quality, and variety of products. The company provides different vehicles and services to meet the needs of many customers. Here’s an overview of their products and services:

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1- Two-Wheelers

TVS Motor mainly makes two-wheeled vehicles like motorcycles, scooters, and mopeds. They serve various market segments, from beginner models to premium options.

1- Motorcycles: TVS makes many motorcycles for different uses, such as commuting, sports riding, and off-road adventures. Important models include:

• TVS Apache Series: The Apache RTR series and Apache RR 310 are sporty bikes known for their design, technology, and firm performance. Young riders and sports bike fans often choose these models.
• TVS Raider 125: The TVS Raider 125 is a stylish bike for young city riders. It offers good fuel efficiency and modern features.
• TVS Star City and TVS Radeon: These bikes are affordable commuter options focusing on comfort and fuel efficiency. They are ideal for budget-conscious riders seeking reliable daily transportation.
• Scooters: TVS has various scooter models for different age groups and genders. They focus on style, convenience, and ease of use.
• TVS Jupiter: The TVS Jupiter is one of India's top-selling scooters. It is practical, performs well, and has modern features like external fuel filling and ample storage space.
• TVS NTorq 125: The NTorq is a sporty scooter for younger riders. Its bold design, strong performance, and tech features, like a fully digital dashboard with Bluetooth, stand out.
• TVS Zest 110: The Zest 110 is a lightweight scooter that is easy to handle. It is mainly designed for female riders or anyone who wants a lighter, more maneuverable bike.
•  Mopeds: TVS still sells mopeds like the TVS XL 100, prevalent in rural and semi-urban areas. This moped is known for being durable, fuel-efficient, and helpful in carrying loads, making it a favorite among small business owners and delivery services.

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2- Three-Wheelers

TVS Motor makes three-wheelers as well as two-wheelers. These three-wheelers are mainly used for business. They are reliable, fuel-efficient, and great for short trips.

• Passenger Three-Wheelers: The company makes auto-rickshaws, or three-wheelers, for public transport. They are designed to give passengers a comfortable and efficient ride. These vehicles are popular in cities and towns in India and other countries.
• Cargo Three-Wheelers: TVS also produces three-wheelers for cargo transport. Businesses use these vehicles to move goods over short distances. They are strong and can carry heavy loads, making them perfect for small businesses and delivery services.

3- Electric Vehicles (EVs)

TVS is entering the electric vehicle market because it believes the future of transportation is electric. They have launched electric scooters that are sustainable and cost-effective to operate.

• TVS iQube Electric: The TVS iQube is an electric scooter for city travel. It is eco-friendly, has innovative features, and has a modern look. It includes connectivity options, a lithium-ion battery, and a range for daily city rides.

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4- Spare Parts and Accessories

The company Company provides genuine spare parts and accessories for its vehicles. These parts are available through a vast network of dealers and service centers to help keep vehicles running well. Accessories include:

• Helmets and Riding Gear: TVS sells helmets, jackets, gloves, and other safety gear for riders who care about safety.
• Customization Kits: TVS provides customization kits for models like the TVS Apache to improve the bike's look and performance.

5- Financial Services

To make vehicle ownership more accessible, the company makes it easier to own a vehicle by offering financing options through its service, TVS Credit Services Ltd. The company provides:

• Two-Wheeler Loans: TVS Credit offers easy and flexible loans for people wanting to buy two-wheelers.
• Commercial Vehicle Loans: TVS Credit also provides good financing options for businesses or individuals buying three-wheelers for commercial use.

6- After-Sales Services

TVS is known for its robust after-sales services. They ensure customers get quick maintenance and repairs at their authorized service centers.

• Service and Maintenance: TVS offers regular maintenance for all its vehicles to keep them in good shape longer.
• Roadside Assistance: If a vehicle breaks down, TVS provides roadside assistance to help customers when needed.
• Extended Warranty: TVS has extended warranty packages that cover repairs after the standard warranty ends, giving customers extra peace of mind.

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7- Global Operations

• TVS Motor is a global brand that is present in over 60 countries. They export two-wheelers and three-wheelers to Africa, Latin America, Southeast Asia, and the Middle East. TVS Motor focuses on quality, affordability, and good after-sales service for different markets.

8- Sustainability Initiatives

• The company cares about the environment. The company uses eco-friendly methods in its manufacturing, like cutting emissions and using energy-saving technologies. Their move towards electric vehicles shows their aim to lessen the environmental impact of transportation.

Question 2: Who are the promoters of TVS Motor ?

Venu Srinivasan is the Chairman of TVS Motor Company. Venu is an engineer and an MBA from Purdue University (USA) and took over as the CEO of Sundaram-Clayton, the holding Company of TVS Motor, in 1979.

K N Radhakrishnan is the Director and CEO. He holds a Master's degree from the Indian Institute of Technology, Chennai and has also undertaken a Management Education Program from the Indian Institute of Management, Ahmedabad.

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