On March 14, 2024, TVS Motor (Singapore) Pte. Ltd. subscribed to an additional 1,820,326 Series AA Shares of Ion Mobility, making Ion Mobility an associate of both TVS Motor (Singapore) Pte. Ltd. and TVS Motor Company Limited.
TVS Motor’s subsidiary, TVS Motor (Singapore) Pte Ltd, has concluded the acquisition of an additional 14.28% stake in Killwatt GmbH. This follows the stake increase from the initial 25% to 39.28%, as announced in November 2023.
The appointment of an expat CTO comes when the OEM prepares for some major moves in the EV space, and also expansion in global markets.
TVS Motor Company, a reputed manufacturer of two-wheelers and three-wheelers in the world, is an exclusive industry partner for this prestigious contest, which is being organised as a part of Hyderabad E-Mobility Week happening between February 5-11, 2023.
The acquisition will help TVS Motor to strengthen its expansion in the EV 2-wheeler market globally, the company informed BSE and NSE on Friday.
Total two-wheeler sales were at 3,07,437 units in the outgoing month, up by 130% compared to March 2020 when it sold 1,33,988 units.
Total sales grew by 18% in February 2021 to 297,747 units as against 253,261 units in February 2020.
With the steep rise in coronavirus cases going beyond the metro cities, experts in the industry believe that local lockdown restrictions can result in halting manufacturing and dealership operations, further impacting the demand from rural areas, which was being seen as the major contributor of sales for the past two months.
TVS Zest's 110cc engine develops 7.81 PS of power and 8.8 Nm of torque.
Domestic two-wheeler sales dropped 36 percent to 144,817 units in June 2020 as against 226,279 units in June 2019.
TVS Motor registered a steep decline of over 16% in domestic sales in FY 20 to 32.63 lakh units.
SCL, which is a flagship company of TVS group, provides aluminium and magnesium castings for the automotive industry.
The exterior of The TVS Apache RTR 200 Fi E100 is designed in green graphics with the woven 'Ethanol logo.
Venu Srinivasan, chairman of TVS Motor, had announced that the company will roll out a hybrid vehicle this December and a pure electric vehicle by March next year.
Total two-wheeler sales were at 2,63,336 units last month as against 2,40,042 units in July 2016, a growth of 9.7 per cent.
As per the data released by the Society of Indian Automobile Manufacturers (SIAM), TVS Motor sold 249,077 units in April-June to become the second largest scooter seller in India beating Hero Motocorp which sold 209790 units.
Total Segment Share Gap Now Down To 2-3% As Scooters Make Inroads Into Rural Markets Too
The TVS King will be priced at 6,91,850 Lankan Rupee and will be retailed across Abans Auto's over 200 showrooms and appointed dealers in locations in Sri Lanka.
ET brings you a lowdown on how the pharma, core, automotive and consumers sectors are responding to automation, and what it means for skills and jobs in these industries.
Analysts are observing more caution in predicting single-digit volume growth for the year.
| Name | DIN | Designation | Date of joining | |
|---|---|---|---|---|
| Chittranjan Dua | 00036080 | ranji@duaassociates.com | Director | 27 Dec,2001 |
| Thiagarajan Kannan | 00040674 | office@tmills.com | Director | 27 Jan,2000 |
| Venu Srinivasan | 00051523 | corpsec@scl.co.in | Managing director | 27 Jan,2000 |
| Harihara Iyer Lakshmanan | 00057973 | corpsec@scl.co.in | Director | 24 Apr,2000 |
| Prince Peter Rajapaksha Asirvatham | 00193260 | cs@gokaldasexports.com | Director | 21 Apr,2009 |
| Rangaswami Ramakrishnan | 00809342 | rk1946@gmail.com | Director | 11 Mar,2009 |
| Lakshmi Venu | 02702020 | corpsec@scl.co.in | Director | 10 Sep,2014 |
| Sudarshan Venu | 03601690 | corpsec@scl.co.in | Director | 10 Sep,2014 |
| Hemant Krishan Singh | 06467315 | hemantkrishansingh@gmail.com | Director | 01 Feb,2013 |
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