TVSM has been certified as a ‘Great Place to Work in Manufacturing – Top 50’ by GPTW
TVS Motor Company Limited (TVSM) is a globally recognised manufacturer of two and three-wheelers, present in 80+ countries. With cutting-edge manufacturing facilities in India and Indonesia, it offers world-class products and delivers unparalleled customer experiences through its extensive network.
Fourth-largest
Two-wheeler manufacturer in the world
7
of 10 awards won by TVSM in the J.D. Power 2024 India Two-Wheeler Initial Quality Study (2WIQS) and APEAL
Key Highlights
Financial
FY 2023-24
` 0 Cr
Revenue
20.5% Y-o-Y
0%
Operating EBITDA
` 0 Cr
PAT
40% Y-o-Y
0%
Increase in domestic
ICE 2W sales
` 0 Cr
Operating Free
Cash Flow
` 0 Cr
Reduction in
Net Debt
0 Lakh
mark
Surpassed for the first
time in 2W sales
0 Lakh
units
EV sales
Non-financial
FY 2023-24
0 Lakh
CSR beneficiaries
0 MW
Installed capacity of solar and wind
0%
Energy requirements met
through renewable sources
0%
Co-processing for
hazardous waste
Cruising ahead with sustainable mobility
TVSM is the world’s fourth-largest two-wheeler manufacturer. Building on its decades-long legacy of offering aspirational products at competitive prices, it is making personal mobility safer and more sustainable, powered by trust, value, and service.
Vision
To transform the quality of life of people across the world by providing mobility solutions that are Exciting, Responsible, Sustainable and Safe.
Mission
To be one of the leading companies globally in our chosen business segments, providing the most compelling mobility solutions through:
- An innovation-driven culture thriving on relentless reflection and teamwork
- Focus on speed and agility to seize opportunity in a Volatile Uncertain Complicated Ambiguous (VUCA) world
- Scalable technology platforms & solutions with highest quality to delight customers
- Commitment towards a sustainable future for societies and the environment
Chairman’s Communiqué
TVSM roadmap
for the future
Dear Stakeholders,
TVSM’s stellar performance in FY 2023-24 has once again proved our commitment to excellence, our agility and our abiding dedication to the customer.
Read Chairman's Message
Managing Director’s Statement
Gearing up for
an exciting ride
Dear Stakeholders,
I am proud to state that TVSM has yet again demonstrated its strength by exceeding expectations and achieving all-time high sales in FY 2023-24.
Read MD's Statement
Board of Directors
Driving corporate
excellence forward
Prof. Sir Ralf Dieter Speth
Chairman
Venu Srinivasan
Chairman Emeritus and Managing Director- M
- C
Sudarshan Venu
Managing Director- M
- M
- M
K N Radhakrishnan
Director and CEO- M
- M
C R Dua
Independent Director- M
- M
- M
Shailesh Haribhakti
Independent Director- C
Dr. Deepali Pant Joshi
Independent Director- M
- M
- C
Kuok Meng Xiong
Independent Director- M
Vijay Sankar
Independent Director- M
- C
H K Singh
Independent Director- M
- M
B Sriram
Independent Director- M
- C
Dr. Lakshmi Venu
Non-Executive DirectorCommittees
- Audit Committee
- Risk Management Committee
- Corporate Social Responsibility Committee
- Nomination and Remuneration Committee
- Stakeholders’ Relationship Committee
- Chairman/Chairperson (C) Member (M)
Key Performance Indicators
Revving up
remarkable success
TVSM achieved remarkable success in FY 2023-24, with record-breaking revenues and profits, driven by 15% growth in motorcycle sales and an astounding 100% increase in EV sales. A well-balanced product mix, competitive pricing, and a strong emphasis on electric mobility power the journey ahead.
- Financial
- Non-financial
Revenue (` in Crore)
0
EBITDA (` in Crore)
0
PAT (` in Crore)
0
EBITDA margin (%)
0
PAT margin (%)
0
Sales volume (Nos. in Mn)
0
Earnings per share (`)
0
Dividend per share (`)
0
-
y-o-y growth
-
3-year CAGR
R&D spend (` in Crore)
0
Specific waste intensity (tonnes/Crore)
0
Share of women in the workforce (%)
0
Specific water intensity (Kilolitres/Crore)
0
Specific GHG emissions (Scope 1 and 2) (tCO2e/Crore)
0
CSR beneficiaries (Nos. in lakh)
0
-
y-o-y growth
-
y-o-y (lesser the better)
Shaping Tommorow’s Mobility, Today
For decades, TVS Motor Company's emphasis on innovation, understanding of customer needs and unparalleled technical expertise, deepened through its partnerships with top global automotive players have helped it pioneer mobility solutions for diverse categories of riders.
Read More
0%
EV two-wheeler sales
growth Y-o-Y in
FY 2023-24
0%
Women in EV battery
assembly lines
0%
Reduction in carbon
intensity/per vehicle in last
10 years
0%
Local material
sourcing
Map not to scale and for representation purpose only
Geographic Footprint
Expanding
global
presence
Having begun its journey in India, TVSM is now a global brand, operating in Asia, Africa, Latin America and Europe. The Company’s four manufacturing units, three in India and one in Indonesia, multiple distribution centres, and offices serve 80+ markets across the world.
-
Global offices
-
Manufacturing locations
Present in 80+ countries
Read More
Investments and Partnerships
Products and Services
Crafted with care
for every journey
2.63 Lakh
Units sold per month (MA) - India
0.74 Lakh
Units sold per month (MA) - International
Read More
TVS Racing
Moving ahead in the race
TVSM has been instrumental in shaping the evolution of motorsports in India since the early 1980s. Through its factory racing team, TVS Racing, it has introduced several sporting formats, and groomed talent for international events in its bid to democratise the sport.
Read More
Strategic Priorities
Building up
our momentum
Strategic Objectives
Enhancing Premiumisation
across the Portfolio
Attaining Leadership
in the EV Business
Scaling up of Commercial
Mobility Business
Embracing Sustainability
across the Value chain
Read More
R&D-first Approach
Unleashing potential through relentless innovation
Since its inception, TVSM has consistently pursued excellence in in-house research and development. To realise its vision of shaping the future of mobility, it has further intensified its R&D investments in chosen strategic areas. The Company remains one of the most prolific generators of patented products in India and globally.
Read More
Environmental, Social and Governance
Read More
0%
Renewable power contribution to overall share of power
+ tCO2e
Emissions avoidance
0
Villages impacted by our CSR initiatives
0+
Kaizens implemented every year
Awards and Recognition
in FY 2023-24
The Company earned four out of the five awards presented and has been adjudged No.1 in ICE Scooter and Motorcycle in the JD Power APEAL study.
Awards
