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TVS Motor Company

BSE: 532343|NSE: TVSMOTOR|ISIN: INE494B01023|SECTOR: Auto - 2 & 3 Wheelers
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Company History - TVS Motor Company
1982
 
 - The company was incorporated as Indian Motorcycle Pvt. Ltd. on
 15th
 July.  Its name was changed to Indo Suzuki Motorcycles Pvt.  Ltd.
 and
 it was converted into a public limited company on 12th January,
 1984.
 It was promoted by Mr. N. Krishnan in collaboration with Suzuki
 Motor
 Co. Ltd. Japan; Sundaram-Clayton, Ltd., a member of the Company to
 the
 extent of Rs 70 lakhs.
 
 - The company entered into a technical know-how and assistance
 agreement with Suzuki Motor Co. Ltd., of Japan on 22nd September. 
 As
 per the terms of the Colloboration, Suzuki agreed to furnish
 complete
 technical information and know-how, trade secrets and other data.
 
 - All shares taken up by promoters etc.
          
 1984
 
 - The company received a letter of intent for the manufacture of
 20,000
 spark ignition operated out board motors and 30,000 internal
 combustion
 spark ignition engines upto 500cc per annum.
 
 - 59,40,000 shares issued at par in 1984.  7,00,000 shares allotted
 to
 Sundaram Clayton, Ltd. Chennai, 70,000 shares allotted to Anusha
 Investments (P) Ltd. Chennai, 20,00,000 shares allotted to Suzuki
 Motor
 Co., Ltd., Japan; 2,20,000 shares allotted to employees and business
 associates and 29,70,000 shares offered to the public.
         
 1985
 
 - A new company Lakshmi Auto Components Pvt Ltd. was incorporated
 for
 the manufacture of critical engines and transmission parts.
         
 1986
 
 - The company acquired the assets of the moped division from
 Sundaram
 Clayton Ltd.  The cost of acquisition was met partly by rights issue
 of
 equity shares.  The company subscribed to 39,20,000 equity shares of
 Rs.10 each of Lakshmi Auto Components Pvt Ltd, whereupon it became a
 subsidiary of the company.
 
 - The name of the company was changed from Indo Suzuki Motorcycles
 Ltd.
 to TVS Suzuki Ltd with effect from 18th August.
 
 - 154,00,000 Rights Equity shares issued at par in prop. 2:1.
         
 1988
 
 - The company obtained a letter of intent for expanding the capacity
 to
 4,00,000 Nos. two wheelers.
         
 1989
 
 - The working was adversely affected due to labour unrest which
 resulted in a lock-out from 28th February 1990.  The lock out was
 lifted in the second week of June 1990.
         
 1990
 
 - The company launched a 34cc miniped to take advantage of the Motor
 Vehicle Act that exempts such vehicles from the payment of road tax.
 The Company worked for only 10 months due to lock-out.
         
 1991
 
 - The technical aid agreement entered into with Suzuki Motor Co.,
 Japan
 which expired in August 1991 was extended for three more years with
 the
 approval of the Government of India.
 
 1992
 
 - The Company launched two new models of motor cycles viz. 
 `Sumurai'
 and `Shogun'.
 
 1993
 
 - The Company launched a new model of moped viz. `TVS Scooty'.
 
 1995
 
 - The Company was studying the feasibility of opening a second plant
 at
 a different location to meet the growth in demand for two wheelers
 in
 the near future.  It also proposed to introduce upgraded version of
 mopeds.  In addition, during the year, the Company undertook to
 develop
 new models of motorcycles.
 
 1996
 
 - The company is taking steps to meet the increase in demand for its
 products and improve the market share.
 
 - A statement relating to the subsidiary, M/s Lakshmi Auto
 Components
 Limited, Chennai, and a copy of its annual accounts for the year
 ended
 31st March, 1996 are attached to the Balance Sheet pursuant to
 section
 212 of the Companies Act, 1956.
 
 - As per the requirements of section 217(1)(e) of the Companies Act,
 1956 read with the Companies (Disclosure of Particulars in the
 Report
 of Board of Directors) Rules, 1988, the information regarding
 conservation of energy, technology absorption and foreign exchange
 earnings and outgo are given in annexure I to this report.
 
 1997
 
 - TVS-Suzuki plans to set up an auto ancillary estate through joint
 venture with some of its existing components suppliers.  The
 proposed
 project is to come up at a new 57 - acre site near TVS-Suzuki's
 existing plant at Hosur.
 
 - Leading two-wheeler manufacturer in the country, TVS Suzuki, will
 soon set up a new 2.5 lakh capacity scooter plant in Mysore.
 
 - TVS-Suzuki (TSL) - a joint venture between the TVS group and
 Suzuki
 Motor Corporation, Japan - was the first company to launch a 100-cc
 motorcycle in the Indian market.
 
 - Credit Analysis & Research Ltd (Care) has assigned the credit
 rating
 of CARE AA+ (double A plus) to the proposed non-convertible
 debenture
 issue of Rs.100 crore by TVS-Suzuki Ltd (TSL).
 
 - TVS Suzuki is a joint venture between Saundaram Clayton Ltd. of
 the
 TVS group and Suzuki Motor Corporation, Japan.
 
 - The company proposes to introduce kick start facility.
 
 - TVS Suzuki Ltd (TSL), the second largest two-wheeler manufacturer
 in
 the country, will be restructuring its entire vendor-base in the
 next
 five years with the objective of creating robust vendors to meet its
 future expansion plans.
 
 - TVS Suzuki Limited is officially launching its new moped model,
 the
 XL Super.
 
 - The Rs. 100 crores non-convertible debentures of TVS-Suzuki
 Limited
 rating of AA + (high safety with higher standing) has been retained
 by
 CARE.
 
 1998
 
 - TVS Suzuki Ltd, one of the leading two-wheeler manufacturers in
 the
 country, has crossed the Rs.1,000-crore turnover mark in 1997-98.
 
 - TVS will be the first company in the country to introduce the 4
 stroke scooter in the Indian market.
 
 - TVS' new-generation state-of-the-art four-stroke scooter Spectra,
 of
 which we gave you an exclusive preview last month, was launched in
 spectacular fashion at the TVS Millennium Show on October 1 in New
 Delhi.
 
 - TVS Suzuki Ltd on October 1 launched its new generation 4-stroke
 scooter `TVS Spectra' in Delhi.
 
 1999
 
 - TVS Suzuki is all set to launch a scaled-down version of Spectra
 --
 the recently launched four-stroke scooter.
 
 - The company is set to launch Spectra on a nation-wide basis in
 April.
 
 - Suzuki has indicated to the TVS group that if it did not agree to
 the
 Japanese company's acquiring a majority stake, it should allow
 Suzuki
 to set up a 100 per cent subsidiary.
 
 2000
 
 - The Company, pioneers of Indo-Japanese motorcycles in the country,
 has launched its latest offering, Suzuki Fiero, in the Kerala
 market.
 
 - The Tamil Nadu based TVS-Suzuki has launched the 150 CC
 four-stroke
 powerhouse Suzuki Fiero in Tamil Nadu, close on the heels of its
 launch
 in Rajasthan, Karnataka and Kerala.
 
 - Two-Wheeler major, TVS-Suzuki Limited is set to create a special
 cell
 to tap the institutional segment.
 
 - The Company proposes to relaunch its four-stroke scooter, Spectra,
 in
 July.
 
 - Two-wheeler major TVS Suzuki is all set to cross the magic one
 million mark durisng the current fiscal with 12 new models lined up
 over the next 18 months.
 
 - Motocycle giant, TVS Suzuki, has forged an alliance with Brand
 Dotcom
 to leverage the latter's online expertise brand building on the Net.
 
 - TVS-Suzuki Ltd on August 30th, formally launched its indigenously
 developed 4-stroke motorcycle, TVS Victor, here. The price has been
 fixed at Rs 41,187, (ex-showroom, Chennai).
 
 - The TVS group and Suzuki Motor Corporation September 27 parted
 ways
 from their 15-year-old joint venture with the former buying out the
 25.97 per cent stake of the Japanese company for Rs 9 crore.
 
 2002
 
 - TVS Motor Company Ltd has informed that the Board declared an
 interim
 dividend of Rs 9.00 per share on 2,31,00,070 equity shares of Rs
 10/-
 each fully paid up, aggregating to Rs 231.00 million.
 
 2003
 
 -TVS Motor Company has recorded a market share of 35% from motor
 cycles division 
 
 -K.S.Bajpai has been appointed as an Additional Director on the
 Board.
 
 -TVS, Bajaj Auto and Yamaha have grabbed the market share from the
 country's largest motor cycle maker Hero Honda.
 
 -The TVS victor sales has crossed 4 lakh unit mark in less than 18
 months
 of its launch.
 
 -TVS Motor has recorded a 31% growth in its sales.
 
 -C V R Panikar has been appointed as Additional Director on the
 Board
 of TVS Motor Company Ltd.
 
 -TVS Motor Company has reintroduced Fiero, inorder to compete with
 Bajaj Pulsar.
 
 -TVS Motor Company Ltd has introduced its own racing bikes which Team
 
 TVS will test on the tracks in Asian Circuit.
 
 -TVS Motor launched 4 new mobikes including a new brand 100-cc
 mobike
 called the Centra.
 
 -TVS Motor Chairman and MD Venu Srinivasan has been selected in
 Business Week's Stars of Asia which covers the top 25 achievers in
 the 
 continent.
 
 -TVS Motor Company adds two new models in two-wheeler segment.
 
 -TVS Motor ties up with State Bank of India for scooter and
 Motorcycle
 financing.
 
 -Launches Fiero F2 and Scooty Pep models
 
 -Board of approves the merger of engine components division of its
 subsidiary, Lakshmi Auto Components (LAC) with TVS Motors effective
 from April 2, 2003
 
 2004
 
 -TVS Motor , on Jan 5 launched Centra, a 100 cc four-stroke motor
 cycle, with variable timing intelligent (VTI) engines, claiming to
 give more mileage to consumers. The Centra has bundled price, style,
 power along with fuel efficiency making it a fill-once-a-month bike,
 and it's priced at Rs.36,990. nearly Rs 100 crore investment had gone
 into the launch of 'Centra', including R&D, plant and machinery.
 
 -TVS Motor Company Unveil TVS Centra With ' VT-i Engines',, a 100 CC
 4 stroke motorcycle
 
 -TVS Motor Company launched its new bike - TVS Centra - here on
 February 9, 2004, for the first time in the State. It is a 100-cc
 four-stroke motorcycle targeted at the popular segment and a
 Fill-it-once-a-month bike, competitively priced at Rs. 36,990. The
 vehicle has been launched in January in the metros and other cities
 and so far 8,000 vehicles had been sold in the country.
 
 -TVS Motor Company and Union Bank of India (UBI) have announced the
 launch of `Union Miles Scheme,' an exclusive two-wheeler finance
 scheme
 
 - TVS Motor Company (TVS) launches new 125cc, 4-stroke Victor GLX
 motorcycle in Chennai on May 02, 2004
 
 -TVS Vice President resigns
 
 -TVS Motors forges alliance with Andhra Bank
 
 -Canara Bank, TVS Motor rolls out TVS Canmobile
 
 -TVS picks up Asian Network for Quality award
 
 -TVS unveils new version of 'Victor GX'
 
 2005
 
 -TVS Motor Company introduced its entry-level 4-stroke motorcycle -
 TVS Star - in the Kerala market
 
 -TVS rolls out Star bike in Andhra Pradesh
 
 -TVS Motor Company launches TVS Centra VT-i, a variant of its
 four-stroke 100cc model TVS Centra on May 6
 
 -TVS Motor rolls out two motorcycle variants named Victor EDGE, StaR
 City and Scooty Pep plus
 
 2006
 
 -TVS Motor appoints new President
 
 -TVS launches Apache in Vizag
 
 -TVS Motor Company launched a new version of 125 cc Victor GLX with
 an electric start option
 
 2007
 
 -TVS Motor Co, has rolled out seven new vehicles, including its first
 three-wheeler and a new 125 cc bike, aimed at gaining lost share in a
 highly competitive market.
 
 2009
 
 - TVS Motor Company launched Scooty Streak, which is its latest
 scooterette targeted at girls of 16 to 20 age group.
 
 - Tvs Motor Company Limited has appointed Mr Prince Asirvatham as an
 additional and independent director of the board of directors of the
 company effective April 21, 2009.
 
 - TVS Motor Company entered the 110 cc segment by unveiling 2 brand
 new products, an auto-clutch motorcycle and an automatic scooter.
 
 2010
 
 - TVS Motor Company has launched India's first auto-clutch
 motorcycle- TVS Jive,  in Chandigarh.
 
 - TVS Motor Company has given the Bonus in the Ratio of 1:1
 
 2011
 
 - TVS Motor Company joins hands with Syndicate Bank for
 three-wheelers
 
 - TVS Motor Company has developed an engine that is 20 per cent more
 fuel efficient and is usable both in scooters and motorcycles.
 
 2012
 
 - TVS motor company signed a MOU with Central Bank of India to
 provide attractive financing options for its three wheeler TVS king
 across all 4,000 branches operating in India.
 
 - TVS Motor Company appoints Sudarshan Venu as Vice President
 
 - TVS Motor Company Ltd is a winner of the CII ITC Sustainability
 Awards 2012
 
 2013
 -TVS Motor Company wins Silicon India Mentor Graphics Best VLSI /
 Embedded Design - Automotive Award
 -TVS Motor Company and BMW Motorrad Sign Cooperation Agreement
 -Indias TVS Motor Company to set up assembly line in Uganda
 
 2014
 -TVS Motor Company launches TVS TRU4 Synthetic 10W 30 Engine Oil
 -Indias TVS Motor Company launches StaR HLX 125 Motorcycle in
 Tanzania
 -TVS Motor Company launches Stylish TVS StaR City+
 -Asian Network for Quality Award 2014
 
 2015
 -TVS Motor Co. Ltd. - TVS Motor Company & Kangra Central Co-operative
 Bank in Himachal Pradesh sign MOU
 -TVS Motor Co. Ltd. has launched the 2015 edition of TVS Phoenix 125
 for the drum version and  for the disc brake version.
 -TVS Motor Company Ltd has introduced a special edition of its
 legendary TVS XL Super in celebration of crossing the milestone of 1
 crore mark in sales
 -TVS Motor Company Ltd signs MOU with TN Government for investment of
 350 Crore
 -TVS Motor Company Ltd has launched its motorcycle TVS Sport with
 improved mileage and additional features
 
 2016
 -TVS Motor launches TVS Apache RTR 200 in Indonesia
 -TVS MOTOR launches All New TVS Victor and TVS Apache RTR 200 in
 India
 -TVS Motor Company launches Powerful Four Stroke TVS XL 100 in Tamil
 Nadu
 -TVS Motor Company launches Powerful Four Stroke TVS XL 100 in
 Kerala
 -TVS Motor Company launches innovative service app for its customers
 -TVS Motor Company launches Powerful Four Stroke TVS XL 100 in Andhra
 Pradesh and Telangana
 -TVS Motor Company launches Powerful Four Stroke TVS XL 100 in Madhya
 Pradesh
 -TVS Motor Company two-wheelers now available online on Snapdeal
 -TVS launches TVS XL 100 in Karnataka
 -TVS launches Scooty Zest 110 Himalayan Highs special edition
 -TVS Motor Company launches Jupiter MillionR Special Edition
 
 2017
 -TVS Motor Company clocks sales of 207,059 units in January 2017.
 -Launch of BSIV compliant TVS Jupiter with 2 new colours
 -Company launches TVS Victor 'Premium Edition', a 110cc motorcycle
 -TVS Motor Company bags top honours in the J.D. Power 2017 Study
 -TVS Motor Company Partners with Abans Auto for Three-Wheeler Exports
 to Sri Lanka
 -TVS Apache RR 310 signals Company's entry into the super-premium
 motorcycle segment
 -Company introduces new stylish TVS StaR City+, a 110cc motorcycle.
 -Company announces successful completion of Himalayan Highs Season
 3.
 -TVS Motor Company introduces 2 new, exciting colours for TVS WEGO
Source : Dion Global Solutions Limited
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