TVS Motor Company

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An Indian multinational manufacturer of motorcycles, scooters, mopeds, and electric two-wheelers.

Last updated October 14, 2026

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First read: Nov 4, 2026
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Overview

TVS Motor Company is an Indian multinational two-wheeler manufacturer headquartered in Chennai, Tamil Nadu. It is the principal automotive manufacturer within the TVS Group and is among India's largest motorcycle and scooter companies by revenue and volume. Its portfolio spans commuter motorcycles, performance motorcycles, scooters, mopeds, electric scooters, and related mobility products. The company serves the domestic Indian market while exporting to more than 60 countries across Asia, Africa, Latin America, and other international regions. The company's roots lie in the transportation businesses established by T. V. Sundram Iyengar, who began a bus-service operation in Madurai in 1911. The broader TVS organization later developed interests in road transport, automotive components, vehicle distribution, and manufacturing. Sundaram Clayton, established in 1962 with British company Clayton Dewandre Holdings, became an important industrial predecessor. It initially produced automotive components such as brakes, exhaust systems, and compressors before expanding into vehicle manufacturing. A major early step in two-wheeler production came when Sundaram Clayton established a plant at Hosur, Tamil Nadu, in 1976. The facility produced mopeds, including the TVS 50, which entered production in 1980 and became notable as an Indian two-seater moped. In 1987, Sundaram Clayton and Suzuki Motor Corporation formed a technical and manufacturing joint venture. Commercial motorcycle production began in 1989, giving the business a stronger position in India's growing motorcycle market. After the end of the Suzuki relationship, the Indian company continued developing its own products and engineering capabilities under the TVS Motor identity. TVS's product strategy combines high-volume commuter vehicles with more premium and performance-oriented models. The Apache family is the company's best-known performance line, while the Jupiter range occupies an important position in the scooter market. The company also maintains the XL moped line and has expanded into electric mobility through the iQube electric scooter. Its relationship with BMW Motorrad has supported production and engineering work on 310 cc motorcycles, including BMW-branded models manufactured at TVS facilities and TVS products using related technology. Motorsport has been used as both a technology-development platform and a brand-building activity. TVS Racing has competed in Indian off-road and rally events for decades and entered the Dakar Rally in 2015 through the Sherco TVS Rally Factory Team, becoming the first Indian factory team to participate in the event. Racing programs have helped associate the Apache brand with performance, competition, and engineering capability. The company has also expanded through international acquisitions. In 2020, TVS Motor acquired the British Norton Motorcycle Company in an all-cash transaction. The acquisition broadened TVS's premium and heritage-motorcycle ambitions, although Norton production arrangements changed after the Donington facility closed. In 2025, TVS announced an agreement to acquire Italian engineering and design company Engines Engineering S.p.A., subject to the applicable transaction conditions. TVS Motor remains an active, publicly listed company with a business centered on two-wheelers, international expansion, premium motorcycles, and electrification.

History

TVS Motor Company's development is connected to the wider TVS Group, whose origins trace to T. V. Sundram Iyengar's transportation activities in southern India. Sundram Iyengar began a bus service in Madurai in 1911 and later built a substantial transportation business involving buses, trucks, and road-transport operations. This background gave the group experience in vehicle distribution, servicing, and logistics before it moved further into industrial manufacturing. Sundaram Clayton was founded in 1962 through a collaboration with Clayton Dewandre Holdings of the United Kingdom. The company initially manufactured automotive components, including braking equipment, exhaust systems, and compressors. It established a plant at Hosur in 1976 and entered moped manufacturing. The TVS 50 emerged from this effort and entered production in 1980. As an Indian two-seater moped, it helped establish the company's presence in consumer two-wheelers. In 1987, Sundaram Clayton entered a technical collaboration and joint venture with Suzuki Motor Corporation. Commercial motorcycle production began in 1989. The partnership provided access to Japanese technology and manufacturing know-how during a period when India's motorcycle market was expanding rapidly. After the relationship ended, the Indian business continued independently and developed a broader product range under the TVS Motor Company name. TVS subsequently built a portfolio covering commuter motorcycles, scooters, mopeds, and performance motorcycles. The Apache line became the central performance brand, while products such as the Jupiter and XL100 addressed high-volume practical mobility needs. The company also invested in competition through TVS Racing, using rallying and off-road events to develop engineering expertise and promote its sporting image. In 2015, TVS Racing entered the Dakar Rally with Sherco, forming the Sherco TVS Rally Factory Team. The racing organization had also competed successfully in events such as the Raid de Himalaya and the Fox Hill Super Cross. A significant technology and manufacturing relationship began with BMW Motorrad after a strategic partnership announced in 2013. TVS manufactured the BMW G 310 R and related motorcycles at Hosur from 2016. The partnership also supported products such as the TVS Apache RR 310. Launched in December 2017, the RR 310 was a fully faired 310 cc motorcycle with electronic fuel injection, dual-channel anti-lock braking, and performance-oriented suspension. The Hosur plant reached production of its 50,000th G 310 R-series unit in December 2018. TVS expanded beyond its traditional Indian manufacturing base through the acquisition of Norton Motorcycle Company in 2020. The transaction gave TVS control of a historic British motorcycle brand and its associated intellectual property. Norton production initially continued at Donington Park with existing personnel, but the Donington facility subsequently closed and production of the updated 961 Commando was transferred to Solihull. In parallel, TVS has pursued electrification. The iQube electric scooter represents the company's principal electric two-wheeler platform, complementing its internal-combustion scooters and motorcycles. The company has also continued launching and updating products across commuter, scooter, premium, and performance segments. In 2025, it announced the planned acquisition of Engines Engineering S.p.A. of Italy, an engineering and vehicle-design company. This proposed transaction reflects TVS's continuing effort to broaden international design and product-development resources. Today, TVS Motor Company is the largest TVS Group subsidiary by valuation and turnover. It operates large-scale manufacturing and export activities, sells vehicles in India and international markets, and competes across practical mobility, premium motorcycles, performance products, and electric two-wheelers.

2025
Engines Engineering acquisition is announced
[1]TVS Motor Companyen.wikipedia.org
TVS announces the planned acquisition of the Italian engineering and design company Engines Engineering S.p.A.
2020
Norton Motorcycle Company is acquired
[1]TVS Motor Companyen.wikipedia.org
TVS Motor completes an all-cash acquisition of the British motorcycle company.
2017
Apache RR 310 is launched
[1]TVS Motor Companyen.wikipedia.org
TVS introduces its fully faired 310 cc performance motorcycle in Chennai.
2015
TVS Racing enters Dakar
[1]TVS Motor Companyen.wikipedia.org
TVS Racing competes in the Dakar Rally through the Sherco TVS Rally Factory Team.
2013
Strategic partnership with BMW Motorrad
[1]TVS Motor Companyen.wikipedia.org
TVS and BMW Motorrad establish a strategic partnership focused on 310 cc motorcycle development and manufacturing.
1989
Commercial motorcycle production begins
[1]TVS Motor Companyen.wikipedia.org
The company moves from primarily moped manufacturing into commercial motorcycle production.
1987
Suzuki technical collaboration begins
[1]TVS Motor Companyen.wikipedia.org
Sundaram Clayton and Suzuki Motor Corporation establish a joint venture and technical relationship.
1980
TVS 50 enters production
[1]TVS Motor Companyen.wikipedia.org
The TVS 50, described as India's first two-seater moped, rolls out from the Hosur plant.
1976
Hosur manufacturing plant is established for moped production
[1]TVS Motor Companyen.wikipedia.org
Sundaram Clayton sets up a Hosur facility as part of its move into two-wheeler manufacturing.
1962
Sundaram Clayton is established
[1]TVS Motor Companyen.wikipedia.org
The company is formed in collaboration with Clayton Dewandre Holdings and begins producing automotive components.
1911
T. V. Sundram Iyengar begins a bus-service business
[1]TVS Motor Companyen.wikipedia.org
The transportation enterprise founded by T. V. Sundram Iyengar became the historical foundation of the wider TVS Group.

Products and positioning

Mass-market Indian mobility combined with sporty performance, premium motorcycles, racing credibility, and expanding electric-mobility offerings.

Performance motorcycles
TVS Apache
The Apache is TVS Motor's principal performance-motorcycle family. It includes street, sport, and racing-influenced models positioned above the company's commuter motorcycles. The range is closely associated with TVS Racing and emphasizes sporty styling, handling, braking, and engine performance. Apache models have included the RTR series and the fully faired RR 310.
Scooters
TVS Jupiter
Jupiter is a major TVS scooter family aimed at practical everyday transportation. It occupies the high-volume family-scooter segment and is intended to combine accessible operation, utility, and fuel-efficient urban mobility. It is one of the company's important mainstream offerings in India.
Electric scooters
TVS iQube
The iQube is TVS Motor's electric-scooter platform and a central part of its electrification strategy. It extends the company into battery-powered urban mobility while retaining the scooter format that is important to the Indian market. The range is positioned as a connected and practical alternative to conventional scooters.
Mopeds
TVS XL100
The XL100 continues TVS's long-standing moped tradition that began with the TVS 50. It is designed around simple, practical, lightweight mobility and utility rather than high performance. The model serves users seeking an economical vehicle for short-distance transportation and carrying duties.
Sport motorcycles · 2017
TVS Apache RR 310
Introduced in 2017, the Apache RR 310 is a fully faired 310 cc motorcycle developed within the TVS-BMW technical relationship. Its specification includes electronic fuel injection, dual-channel ABS, and KYB suspension components. It broadened TVS's presence in the premium sport-motorcycle segment and was designed and developed in India.
Contract and partner-manufactured motorcycles · 2016
BMW G 310 R manufacturing program
TVS manufactures BMW Motorrad's G 310 R and related 310 cc motorcycles at its Hosur facility under the companies' strategic partnership. The program represents TVS's role as an international manufacturing and engineering partner and has supported capability development in premium motorcycles.
Premium motorcycles
Norton motorcycles
Norton became part of the TVS Motor portfolio after the 2020 acquisition of Norton Motorcycle Company. The marque gives TVS access to a historic British premium-motorcycle identity and a platform for higher-end products. Production arrangements changed after the Donington facility closed.

Marketing campaigns

2015Sherco TVS Rally Factory Team
International
TVS Racing partnered with Sherco to create a factory team for the Dakar Rally. The program presented TVS as an Indian manufacturer capable of competing in one of the world's most demanding motorcycle endurance events.
Outcome. Established an international performance and engineering showcase for TVS Racing.
Source
TVS Racing competition program
India · Sri Lanka · International
TVS Racing has participated in rally, motocross, and one-make racing activities, including the Raid de Himalaya and Fox Hill Super Cross. The program supports product testing, rider development, and the sporting positioning of the Apache brand.
Outcome. Contributed to TVS's performance-oriented brand identity and motorsport credentials.
Source

Brand decisions

2025
Announce the acquisition of Engines EngineeringM&A
Background
TVS identified international engineering and vehicle-design capability as a way to support future product development.
Action taken
The company announced plans to acquire Engines Engineering S.p.A., an Italian engineering and auto-design firm.
Aftermath
The announcement indicated continued expansion of TVS's European engineering and design footprint; the supplied reference does not establish the final completion status.
Source
2020
Acquire Norton Motorcycle CompanyM&A
Background
TVS wanted to expand its premium and heritage-motorcycle presence internationally.
Action taken
TVS acquired Norton Motorcycle Company in an all-cash transaction.
Aftermath
Norton became part of the TVS portfolio. Production initially continued at Donington Park, but that facility later closed and updated 961 Commando production moved to Solihull.
Source
2017
Launch the Apache RR 310Product launch
Background
TVS was expanding its performance and premium motorcycle portfolio beyond smaller-displacement commuter products.
Action taken
The company launched a fully faired 310 cc Apache motorcycle with fuel injection, dual-channel ABS, and performance-oriented suspension.
Aftermath
The model strengthened TVS's position in the premium sport-motorcycle segment.
Source
2013
Form a strategic partnership with BMW MotorradStrategy
Background
TVS sought greater access to premium motorcycle technology and international manufacturing opportunities.
Action taken
TVS and BMW Motorrad entered a strategic partnership for motorcycles in the 310 cc segment.
Aftermath
TVS began manufacturing BMW 310-series motorcycles and introduced the Apache RR 310.
Source
1987
Enter a Suzuki motorcycle joint ventureStrategy
Background
Sundaram Clayton was seeking to expand from automotive components and mopeds into motorcycle manufacturing while India's two-wheeler market was developing.
Action taken
The company formed a technical collaboration and joint venture with Suzuki Motor Corporation.
Aftermath
Commercial motorcycle production began in 1989 and became a foundation for the later TVS Motor business.
Source

Recent events

2027.01.27
Reported2026.08.29
K. N. Radhakrishnan to step down as TVS Motor CEO[3]K. N. Radhakrishnan 将卸任 TVS Motor 首席执行官afaqs.com
K. N. Radhakrishnan will step down as director and CEO of TVS Motor Company, continuing until January 2027 to oversee the transition before serving as non-executive director until the July 2027 annual general meeting.
2027.01.27
Reported2026.08.29
TVS Motor appoints Peyman Kargar as CEO[4]TVS Motor 任命 Peyman Kargar 为首席执行官timesofindia.indiatimes.com
TVS Motor Company appointed Peyman Kargar, currently president of international business, as its director and chief executive officer with effect from Jan 27, 2027. Kargar will succeed K N Radhakrishnan, who will continue as CEO until Jan 27 and then serve as a non-executive director until the company's AGM in July 2027.
2027.01.27
TVS Motor appoints Peyman Kargar as CEO effective January 2027[5]TVS Motor 任命 Peyman Kargar 为首席执行官，2027年1月生效moneycontrol.com
TVS Motor Company has appointed Peyman Kargar as Director and Chief Executive Officer with effect from January 27, 2027. He will succeed K N Radhakrishnan, who will continue as CEO until then and subsequently serve as a non-executive director until the company's annual general meeting scheduled for July 2027.
2027.01.27
Reported2026.08.28
TVS Motor appoints Peyman Kargar as CEO effective January 2027[6]TVS Motor任命Peyman Kargar为首席执行官，2027年1月生效timesofindia.indiatimes.com
TVS Motor Company appointed Peyman Kargar, currently president of international business, as its director and chief executive officer with effect from Jan 27, 2027. Kargar will succeed K N Radhakrishnan, who will continue as CEO until Jan 27 and then serve as a non-executive director until the company's annual general meeting in July 2027.
2026.11.04
Reported2026.11.04
TVS iQube Android Auto integration announced[7]TVS iQube 宣布接入 Android Autorushlane.com
At EICMA 2026, TVS Motor announced that the TVS iQube electric scooter will soon support Android Auto, in partnership with Google.
2026.11.03
Reported2026.11.03
TVS Motor unveils four models at EICMA 2026[8]TVS Motor 在 EICMA 2026 发布四款车型equitybulls.com
TVS Motor unveiled four production-ready models—the TVS Orbiter, TVS M1-S, TVS X and TVS RTR 125—at EICMA 2026 in Milan.
Unconfirmed
Reported2026.10.29
TVS Motor Company implements two-wheeler price increases[9]TVS Motor Company实施两轮车涨价timesofindia.indiatimes.com
TVS Motor Company implemented small price increases at the start of Q3 and said it would review the need for further hikes after Diwali.
2022.03.02
Reported2022.03.02
TVS Motor launches Raider 125cc motorcycle in Latin America[10]TVS Motor在拉丁美洲推出Raider 125cc摩托车autocarpro.in
TVS Motor launched its Raider 125cc motorcycle in Latin America, targeting Gen Z customers in Colombia, Guatemala, Honduras and Nicaragua.
Unconfirmed
Reported2022.01.27
TVS Motor acquires 75% stake in SEMG[11]TVS Motor收购SEMG 75%股权autocarpro.in
TVS Motor acquired a 75% stake in Swiss E-Mobility Group (SEMG), which operates the M-way e-bike retail chain in Switzerland.
2022.01.19
Reported2022.01.19
TVS announces Star HLX 150 Disc Variant launch in Egypt[12]TVS宣布在埃及推出Star HLX 150 Disc Variantbusiness-standard.com
TVS Motor Company announced the launch of its Star HLX 150 Disc Variant motorcycle in Egypt. The stated purpose was to offer rural and urban Egyptian commuters a personal mobility option.

Sources113 sources

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