TVS Automobile

According to a report by Crisil recently, Brakes India derives 23 per cent of its total revenue from exports in the brakes and foundry divisions

Company earlier got Rs 487 cr from Castrol India for business and technology collaborations

Lubes maker Castrol India Limited (CIL) on Friday said it will acquire a 7.09 per cent stake in TVS Automobile Solutions' digital subsidiary Ki Mobility Solutions with a planned investment of Rs 487.5 crore in an all-cash deal. With this strategic investment, CIL aims to expand its presence in service and maintenance for both internal combustion engine (ICE) and electric vehicles (EV) and leverage myTVS' digital and operational capabilities, a release said. Besides, the partnership will also offer potential for Castrol and KMS to collaborate and partner in select markets beyond India, it stated. This collaboration will leverage each other's strengths and expand the domestic automotive aftermarket ecosystem via 'myTVS', KMS's digitally integrated multi-brand service platform for two- and four-wheelers, it added. "CIL will acquire a 7.09 per cent stake in KMS with a planned investment of up to Rs 487.5 crore," said the release. CIL's existing presence in service and maintenance incl

Domestic two-wheeler sales registered growth of 7 per cent increasing from 258,777 units in October 2021 to 275,934 units in October 2022

TVS Motor Company is coming up with multiple products in the two- and three-wheeler segments

The key exports include the TVS Apache series, TVS HLX series, TVS Raider, and TVS Neo series.

Industry experts point out that this unique model could be a challenge or an opportunity for the company in the coming days as there is no successful model to follow

Ties up with eight EV manufacturers, including Okinawa and Boom Motors

The manufacturer of two and three-wheeler tyres, TVS Srichakra, on Tuesday announced its foray into the Indonesian market, with the Eurogrip range of tyres

Here are the top business headlines on Tuesday morning

As part of the transaction, M&M will secure a minority stake in TVS ASPL and in turn, MFCSL will become a subsidiary of TVS ASPL

Its innovations are revolutionising the automobile after-market sector

Having acquired iconic British brand Norton in April, the Chennai-based company is looking to gain speed in the performance bike market

The new initiative will bring vehicle owners, retailers, garages and insurers from a fragmented marketplace to one platform

The company has garnered 23% share in the premium category thanks to new launches in the high-end bike segment

The opportunity is immense - the shared two-wheeler mobility market has touched 15 million daily trips already

CCI says it approves increase in shareholding of Mitsubishi Corporation in TVS Automobile Solutions Private Limited from 3.26 per cent to 25 per cent

Company aims to provide digital business solutions to vehicle and component manufacturers