TVS Company Belongs To Which Country? [An Indian Company?]
TVS Motor Company is an Indian multinational motorcycle company headquartered at Chennai, Tamil Nadu, India. It is the third largest motorcycle company in India with a revenue of over ₹ 20,000 crore (US$2.9 billion) in 2018–19.
Here we will let you know TVS company belongs to which country and also some of the things established by TVS and the history of TVS.
TVS Company Belongs To Which Country?
The company was founded in 1978 by T.V. Sundaram Iyengar. The company commenced operations in 1980 with the launch of its first scooter, TVS 50.
The company’s first motorcycle, TVS Suzuki Shogun, was launched in 1984. In 2001, the company launched its first four-stroke engine-powered motorcycle, TVS Fiero F2.
TVS belongs to the Indian country and in India TVS has established itself as one of the trusted motorcycle brands in the eyes of Indian citizens!
TVS company has an annual sales of 3 million units and an annual capacity of 4 million vehicles. TVS Motor is the 2nd largest exporter of motorcycles in India.
The company has three manufacturing plants in India, located at Hosur and Mysore in Karnataka and at Uttarpara in West Bengal.
The Hosur plant has a capacity of 1.5 million units per annum while the Mysore plant has a capacity of 0.75 million units per annum. The Uttarpara plant serves as the global export hub for the company.
The company has a portfolio of 13 brands, including TVS Racing. It also manufactures automotive components.
The company’s products include scooters, motorcycles, mopeds and three-wheelers. TVS is the largest exporter of two-wheelers in India.
The company was established by TV Sundaram Iyengar in 1911 as a bicycle manufacturing company.
It later diversified into the manufacture of motorcycles, scooters, auto-rickshaws and mopeds.
TVS Motor was the first company in India to achieve ISO 9001 certification for all its plants. The company has a total of 5,200 dealerships and service points spread across India.
The company was ranked 437th in the 2019 Fortune Global 500 list of the world’s biggest corporations.
In September 2019, TVSMotor Company announced that it will invest Rs 250 crores in electric two-wheeler startup Ultraviolette Automotive. This move will help TVS to develop new technologies in the electric vehicle space.
In October 2019, TVS Motor Company and Bajaj Auto announced a strategic alliance to develop new products, share technologies and expand their global reach.
Under the terms of the agreement, Bajaj and TVS will jointly develop a new range of products in the entry-level motorcycle segment.
In 2013, TVS entered into a strategic alliance with BMW Motorrad to develop and manufacture motorcycles above 500cc engine capacity for domestic as well as international markets.
As part of the agreement, BMW Motorrad commissions TVS Motor Company to produce small displacement bikes (300 – 700cc) for sale under the BMW brand name while BMW concentrates on larger capacity bikes (> 700cc).
The first product jointly developed by both companies was the G 310 R and G 310 GS which were launched globally in 2018. These are currently manufactured exclusively at TVS’ plant at Hosur, Tamil Nadu.
TVS became a publicly listed company in 2004 with an initial public offer (IPO) that was oversubscribed by nearly 13 times. The IPO proceeded to list on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
In 2016,’TVS Apache’ Bike was voted as India’s second most trusted two-wheeler brand according to Consumer World Survey 2016 conducted by Reader’s Digest Trusted Brands Council Survey.
FAQs About TVS Company!
Is TVS an Indian company?
Yes you got it right TVS is an Indian company.
What are the products of TVS company?
The company’s products include scooters, motorcycles, mopeds and three-wheelers. TVS is the largest exporter of two-wheelers in India.
What is the annual sales of TVS company?
The company has an annual sales of 3 million units.
What is the market share of TVS company?
TVS has a market share of 15.15% in India.
What is the brand value of TVS company?
The brand value of TVS is US$2.9 billion.
TVS is from which country?
TVS is from an Indian country.
When was TVS Motor Company founded?
TVS Motor Company was founded 44 years ago i.e in the year 1978.
Who is the founder of TVS Motors?
T. V. Sundaram Iyengar is the founder of TVS Motor Company.
Is TVS a public limited company?
Yes, TVS is a publicly traded company and is listed on the Bombay Stock Exchange and National Stock Exchange.
Who is the current CEO of TVS motor?
K. N. Radhakrishnan is the current CEO of TVS Motor Company.
Where is TVS headquarters located?
TVS headquarters are located in Chennai, Tamil Nadu, India.
Who is the parent company of TVS?
Sundaram – Clayton Limited is the parent company of TVS as it owns 57.40% stake in the TVS Motor.
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