TVS MOTOR COMPANY LIMITED

TVS Motor launched TVS Victor GX, Victor GLX and TVS Star in FY05

HistoryTVS Motor Company Ltd (TVS Motor)

was established in 1983 as TVS-Suzuki Ltd by Sundaram-Clayton and Suzuki Motor Corporation, to manufacture motorcycles. The company introduced Shogun 110 cc, its first catalytic converter enabled motorcycle in 1996, and launched Victor, a four-stroke 110 cc motorcycle in 2001. TVS Motor terminated the JV with Suzuki in 2001. The company increased its stake in the company to 58.4%, following which the company acquired its present name.

OperationsTVS Motor manufactures motorcycles,

scooterettes and mopeds at Mysore in Karnataka and Hosur in TN. TVS Motor is in the process of setting up a manufacturing facility for three wheelers with an initial capacity of 100,000 vehicles p.a. at its Mysore plant. The company is also establishing a two-wheeler manufacturing facility at Solan district in HP with an initial annual capacity of 300,000 vehicles. Its brands include:

Victor, Scooty, Fiero, Star, Centra and Super XL. In FY05, sales of two-stroke motorcycle fell 58% to 170,000, four-stroke motorcycle sales rose 13% to 537,000, ungeared scooter sales rose 19% to 189,000 and moped sales rose 5% to 251,000. Exports rose 78% in value terms. In FY05, TVS Motor rolled out TVS Victor GX 110 cc, Victor GLX 125 cc, TVS Star and the Scooty Pep Splash series. In FY05, Lakshmi Auto Components Ltd merged with the company, along with its engine components business and investments.

The Year in ReviewFor the year to Mar 31, 2005, total income

increased to Rs 29.6 bn, up 3.4% over the previous year’s figure. Net profit increased 0.4% to Rs 1.4 bn.

As per unaudited results for the nine months ended Dec 31, 2005, the company recorded an income of Rs 24.5 bn and a net profit of Rs 879.1 mn as compared with an income of Rs 21.8 bn and a net profit of Rs 896.5 mn in the corresponding period previous year.

Company DetailsRegistered officeJayalakshmi Estates24, Haddows RoadChennai - 600006TNChairperson and Managing DirectorV SrinivasanDirectorsG Srinivasan, T K Balaji,H Lakshmanan, T Kannan, N G Ram, C R Dua, K S Bajpai, T R PrasadCompany SecretaryT S RajagopalanBankersSBI, SB Mysore, SBBJ, SB Patiala, IOBAuditorsSundaram & Srinivasan

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