TVS Motor Company Ltd

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BSE Code: 532343       NSE Code: TVSMOTOR

Business Profile
Business Profile
TVS Motor Company (TVSMOTOR) was formerly known as TVS Suzuki. It is the flagship company of the TVS group and is one of the largest two-wheeler manufacturers in India. It manufactures a wide range of mopeds, scooterettes and motorcycles with products like TVS Scooty, TVS Fiero, TVS Super XL, TVS Victor, TVS Centra, TVS Star, ..etc.

The company has manufacturing plants in Mysore and Hosur. The company has acquired land in Nalagarh taluka, Solan District, Himachal Pradesh and the construction of factory buildings is in the final phase.

TVS has also entered into a joint venture with a Columbian party for exploring opportunities in the Columbian market with an equity investment of Rs 5 million.

The subsidiaries of the company are namely Sundaram Auto Components, TVS Motor Singapore, TVS Motor Company (Europe), PT TVS Motor Company, Indonesia.

TVS has a well established network of over 2,000 customer touch points consisting of 541 main dealers and about 1,500 authorized service centers. The product training centers established at key locations help in timely and frequent training of dealer personnel on sales and service aspects.

The Indonesian project is on schedule and the new product TVS Neo, a high tech innovation packed Bebek exclusively developed for the Indonesian market will be launched in June 2007 by PT TVS Motor Indonesia, a subsidiary of the company.

Financials
T V S Motor Company registered a steep drop of 49.13% in net profits of Rs 58.30 million for the quarter ended in December 2007 from a profit of Rs 114.60 million for the quarter ended in December 2006Net Sales declined 6.46% to Rs 8750.20 million for the quarter ended December 2007 from Rs 9354.10 million for the quarter ended December 2006.Total income dipped 5.97% to Rs 8961.3 million, from Rs 9529.8 million for the quarter ended December 2006.The earnings per share (EPS) of the company stood at Rs 0.25 in the quarter ended December 2007 .

Recent Developments
10-MAR-08
TVS Motor Company entered into the three-wheeler market. The leading two wheeler firm has launched TVS King, a three-wheeler vehicle. TVS King would be a 200 cc two stroke autorickshaw. The vehicle would come in both LPG and petrol versions.

14-FEB-08

TVS Motor Company launched its first electric scooter Scooty Teenz Electric. Scooty Teenz Electric will save about 15-20% of customers` money in comparison to a petrol-run scooter. The vehicle generates an average range of 40 km per nine hours of charge. This can increase by 50% if the rider opts for lower speed of 20-25 km. The electric scooter has 800 watts of power driving. Its other benefits are low running costs, no pollution, no noise and high durability. The company`s target customers are young women who need mobility and whose daily travel is limited to around 15-25 km per day. The ex-showroom price of the vehicle will be Rs 32,500.

17-JUL-07
TVS Motor Company is planning to invest USD 100 million in its Indonesian plant in the next three years so as to increase its localization levels in the South East Asian country. Initially, the company will invest about USD 50 million with a local value addition of 40%. Later on, the investment will be raised to USD 100 million in an attempt to achieve local value addition of 80%.

12-JUL-07
Two-wheeler major TVS Motor Company is planning to roll out its bikes from its Indonesian plant in July. It expects a first year sales of 90,000 units in the Indonesian market amidst plans to spread its wings in the South East Asian region.

Future Plans
The company plans to establish itself strongly in the economy segment. The company plans to grow in this segment further through continuous innovation and variants that deliver greater value to its customers.

It is planning to introduce variants of TVS Apache model during the course of the year. It also plans to re-launch Victor GLX brand in the second half of 2006-2007 with a new product. During 2006-2007, the company plans to further extend its network in 100 towns.

Other Information
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