TVS MOTORS
TVS Motor Company (TVS) is an Indian multinational automotive company that manufactures motorcycles, scooters, and Three-wheelers, headquartered in Chennai, India. TVS Motor Company is the third largest 2-wheeler company in India with a revenue of over ₹18,217 crore (over US$2.9 billion). It has an annual sale of more than 3 million units and an annual capacity of over 4.95 million vehicles. TVS Motor is also the 2nd largest exporter in India with exports to over 60 Countries. The company has four manufacturing plants, three located in India (Hosur in Tamil Nadu, Mysore in Karnataka and Nalagarh in Himachal Pradesh) and one in Indonesia at Karawang.
The main products of the company are two wheelers, three wheelers, automobile parts and the service is vehicle service.
CSR INITIATIVES:
At the time of Covid-19, TVS Motor Company, along with Sundaram Clayton and its group companies,had committed Rs 40 crore as part of an integrated approach to support nationwide efforts to curb the spread of Covid-19.The funds was utilised to provide lifesaving supplies such as oxygen concentrators, PPE Kits, medicines and medical equipment across the country.The company supplied 2,000 oxygen concentrators to hospitals and health centres and over 20,000 food packets per day for essential services workers in Tamil Nadu, Karnataka, and Himachal Pradesh.
TVS Motor Company is also working closely with two hospitals in Chennai: Rajiv Gandhi Government General Hospital and Stanley Medical College Hospital, to support them with supplies and aid their effort in treating Covid-19 patients.
The company worked with local authorities and dedicated two ambulances for villages near the TVS Motor Company factories in Hosur and Mysore. These ambulances were equipped with essential medical facilities for the immediate treatment of patients with mild Covid-19 symptoms.The company also vaccinated all its employees above 45.
Their shareholding pattern consists of Promoters and Promoter Group having 52.26% of shares, Public having 9.52% shares following by FII’s having 13.92% shares and DII’s with 24.3% shares.
