TVS Motor Company is the third largest two-wheeler manufacturer in India, and
one among the top 10 in the world. It has an annual turnover of more than $1 bn, and is
the flagship company of the $4 bn TVS group. The company has many firsts to its credit
in the automotive industry in India. It has been at the forefront in bringing a revolution
in the way personal commutation was happening, way back in the 1980s. Beginning
with launching a simple, easy-to-use moped for the middle-class in India in the 1980s
to launching seven new bikes in a single day (first time in the history of the
automotive industry in the world), TVS has often taken the unbeaten path to innovation for
ushering in the personal transportation revolution. As stated on the company website,
TVS epitomizes trust, value and
service.
The TVS group was established in 1911 by Mr. T V Sundaram Iyengar. It is said that
during the 1940s in Madurai, South Tamil Nadu, it was common to find people setting
their watches on the arrival of a TVS bus. As there were zero breakdowns, zero late arrivals
for a fleet of 400 buses covering 40 stops. TVS was known for on time service. However,
to the founder of the company, the ordinary ambitions of a bus fleet operator or a
vehicle servicing business would not suffice. He wanted to create an enduring business led by
a family of like-minded workers and managers united by a set of shared high
principles. Driven by this inspiration, the TVS group has today emerged as India's leading
supplier of automotive components and is the largest automotive component manufacturer
in India. In nearly a century now, there are over 30 companies in the TVS group,
employing more than 40,000 people worldwide. It commands a strong presence in the
manufacturing of two-wheelers, auto components and computer peripherals, and also in the
distribution of heavy commercial vehicles, passenger cars, finance and insurance. |