TVS Motor aims for 50% global revenue in 3 years
ECONOMY & POLICY

TVS Motor aims for 50% global revenue in 3 years

TVS Motor is setting its sights on a significant shift in its business model, with the aim of generating 50% of its revenue from international operations within the next three years. Known for its two- and three-wheelers, including Apache motorcycles and iQube e-scooters, the company is evolving into a global mobility firm. This transformation is part of TVS Motor's Vision 2030, which includes the launch of innovative products featuring segment-first features for both domestic and international markets. Sudarshan Venu, MD of TVS Motor, has stated that the company expects more than half of its revenues to come from markets outside India by 2025, with around 30% of the scooter industry transitioning to electric by that time.
As a part of its growth strategy, TVS Motor is introducing new models with cutting-edge features. For instance, the upcoming electric scooter named Creon is set to be launched in Dubai, equipped with advanced technologies like facial recognition for helmets and cornering anti-lock braking systems. This push for expansion is evidenced by TVS Motor's existing presence in 80 countries and its efforts to establish partnerships and investments in various segments, including electric mobility and mobility services.
TVS Motor's strategy involves more than customisation; it aims to engineer products from the ground up, engaging global talent to cater to mature markets like Europe. The company plans to invest Rs 300 billion over the next 3-4 years in EVs as part of its long-term vision.

TVS Motor is setting its sights on a significant shift in its business model, with the aim of generating 50% of its revenue from international operations within the next three years. Known for its two- and three-wheelers, including Apache motorcycles and iQube e-scooters, the company is evolving into a global mobility firm. This transformation is part of TVS Motor's Vision 2030, which includes the launch of innovative products featuring segment-first features for both domestic and international markets. Sudarshan Venu, MD of TVS Motor, has stated that the company expects more than half of its revenues to come from markets outside India by 2025, with around 30% of the scooter industry transitioning to electric by that time.As a part of its growth strategy, TVS Motor is introducing new models with cutting-edge features. For instance, the upcoming electric scooter named Creon is set to be launched in Dubai, equipped with advanced technologies like facial recognition for helmets and cornering anti-lock braking systems. This push for expansion is evidenced by TVS Motor's existing presence in 80 countries and its efforts to establish partnerships and investments in various segments, including electric mobility and mobility services.TVS Motor's strategy involves more than customisation; it aims to engineer products from the ground up, engaging global talent to cater to mature markets like Europe. The company plans to invest Rs 300 billion over the next 3-4 years in EVs as part of its long-term vision.

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train Viaduct and Piers Work Completed: NHSRCL

The Mumbai-Ahmedabad bullet train project, India's first high-speed rail corridor, has reached significant construction milestones with more than 300 km of viaduct completed and ongoing progress on trackbed works.The National High Speed Rail Corporation (NHSRCL), the implementing agency for the project, reported that 304 km of viaduct and 388 km of pier work have been finished. Additionally, the construction of 14 river bridges, 7 steel bridges, and 5 prestressed concrete bridges has been completed.Trackbed construction is advancing steadily, with 163 km completed so far. The Vapi bullet train..

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train Project Slab Casting Starts at Virar Station

The Mumbai-Ahmedabad Bullet Train Project has advanced with the commencement of casting the first slab at the Virar Bullet Train station. A total of nine slabs will be constructed at this level, which will serve as the foundation for track laying at the station.The Virar Bullet Train station is designed to have two levels—a concourse level and a rail level—extending to a total length of 425 meters.The first slab cast measures 50 meters in length and 35.32 meters in width, with an approximate thickness of 300 mm. This slab required 1,555 cubic meters of concrete.In recent developments, the ..

Next Story
Infrastructure Transport

Konkan Railway Plans Ro-Ro Train Service to Transport Cars

The Konkan Railway (KR) is considering the possibility of introducing a special roll-on/roll-off (Ro-Ro) train service for car transportation during the upcoming Ganapati festival, provided there is sufficient public demand. The operation of this service would require a minimum of 40 cars to be transported at once.Traditionally, the KR Ro-Ro service has been used for trucks, allowing vehicles to be transported along with their drivers. Over the past 15 months, the corporation secured projects worth Rs 31.50 billion through tendering and is currently executing works valued at Rs 40.87 billion.K..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?