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TVS Report Incomplete
TVS Report Incomplete
PREFACE
TVS Motor Company Ltd (TVS Motor), member of the TVS Group, is the
largest company of the group in terms of size and turnover, with more than 3
crore (30 million) customers riding a TVS bike.
1. Company Profile
2. Introduction to topic
7. Research Methodology
9. Findings
10. Suggestions
11. Limitations
12 Conclusion
13 Bibliography
14 Annexure
COMPANY PROFILE
Type Public company
Industry Automotive
Founded 1978
TVS Motor Company Ltd (TVS Motor), member of the TVS Group, is the
largest company of the group in terms of size and turnover, with more than 3
crore (30 million) customers riding a TVS bike.
TVS was established by Mr. T.V. Sundaram Iyengar. He began with Delhi first
bus service in 1911 and founded T.V. Sundaram Iyengar and Sons Limited, a
company in the transportation business with a large fleet of trucks and buses
under the name of Southern Roadways Limited. When he died in 1955, his sons
took the company ahead with several forays in the automobile sector, including
finance, insurance, manufacture of two-wheelers, tyres, and components. The
group has managed to run 97 companies that account for a combined turnover
of nearly $6 billion.
Recent
Recent Launches include RTR 200, TVS Victor and TVS XL 100. TVS has
recently won 4 top awards at J.D. Power Asia Pacific Awards 2016, 3 top
awards at J.D. Power Asia Pacific Awards 2015 & Two-Wheeler Manufacturer
of the Year at NDTV Car & Bike Awards (2014–15)
In early 2015, TVS Racing became the first Indian factory team to take part in
the Dakar Rally, which is the longest and most dangerous rally in the world.
TVS Racing partnered with French motorcycle manufacturer Sherco for the
Dakar rally and named the team Sherco TVS Rally Factory Team. TVS
Racing also won the Raid de Himalaya and the FOX Hill Super Cross held at
Sri Lanka. In three decades of its racing history, the team has won more than
90% of the races.
Manufacturing Capability
TVS Motor has a production capacity of over 3 million Vehicles a year. The
company has four state of the art manufacturing plants - three located in India
(Hosur, Tamil Nadu; Mysore, Karnataka and Nagaland, Himachal Pradesh) and
one in Indonesia (Karawang).
Distribution
Today, TVS Motor functions through a nationwide network of more than 4000
touch points across all the states in India.
Awards
In the same year, the work done for the TVS Victor motorcycle won TVS
Motor the National Award for successful commercialization of indigenous
technology from the Technology Development Board, Ministry of Science &
Technology, Government of India. In 2004, TVS Scooty Pep won the
'Outstanding Design Excellence Award' from Business World magazine and
the National Institute of Design, Ahmedabad.
TVS Motor has won several management awards, notable among them being
the Emerging Corporate Giant in the Private Sector awarded by The Economic
Times and the Harvard Business School Association of India. Business Today
magazine awarded TVS Motor the Best Managed Company and the Most
Investor Friendly Company awards. Its advertising practices won it the Good
Advertising Award by Auto India Best Brand Awards, 2009.
It has the unique distinction of having sold nearly 4 million the highest ever in
India. It exports its range of products to 17 countries worldwide. Its unrelenting
pursuit of customer satisfaction in all aspects if manufacturing of 2-wheeler is
reflected in over 6 million satisfied owners of mopeds, motorcycles, and
scooters. Its 4000 highly motivated employees manufacture high quality
vehicles from two manufacturing plants in Hosur and Mysore, with a wide
dealer network of around 410.
Products:
Two Wheelers in India was set up as a joint venture between TVS and Dunlop,
UK in 1960. The company supplies wheels as Original Equipment to all major
vehicle manufacturers in the country. Wheels India is entering into
collaboration with Titan, the world leader in off-highway vehicle wheels
relating to earthmoving, construction, and agricultural equipment.
Manufacturing Plants are located at Chennai, Tamil Nadu, Rampur, UP and
Ranjangaon, Maharashtra. Wheels India has a workforce of 100.
TV Sundaram Iyengar and Sons Limited operates through the three following
divisions:
1. TVS and Sons distribute Heavy duty Commercial Vehicles, Jeeps and
Cars. It represents premier automotive companies like Ashok Leyland,
Mahindra and Mahindra ltd. Fiat and Honda. It also distributes
automotive spare parts for several leading manufacturers.
2. TVS & Sons has grown into a leading logistics solution provider and has
set up state-of-the-art warehouses all over the country. It has also
diversified into distributing Garage equipment that ranges from paint
booths to engine analyses and industrial products.
8. Sundaram Motors – Major dealer for Indian and foreign cars in South
India and foreign cars in South India. Established in 1966, Sundaram
Fasteners Limited (SFL) is today the largest manufacturer of high tensile
fasteners in India. SFL is also the principal supplier of radiator caps to
General Motors, North America. Powder metal parts include rotors &
gears, shock absorber components, value train components, structural
components, and bushes. Cold extruded parts include gear blanks
transmission parts, cams, starter sleeves & pinions and CV joint parts.
The radiator caps range includes oil filter caps and fuel filter caps, both
metallic and plastic.
Branched off into three divisions:
The Rubber Division started in 1962, manufactures molded rubber products for
the export and inland markets.
Coach Division, started in 1960, has its main plant in Madurai with two
branches. Its employees are about 900 people.
Tyre Service Division, with 28 branches and a workforce of 600: Sundaram
Finance and associate companies promote Trans energy Limited. It was
incorporated in 1981 in technical collaboration with deltec Fuel System BV,
Holland, internationally fuel charging systems for Internal Combustion Engines
using Gaseous Fuels as LPG (Liquefied Petroleum Gas) and CNG (Compressed
Natural Gas). The factory and R&D Unit are located at Chennai.
A JV established in 1995 by T V Sundaram Iyengar & Sons Limited, Asia
Match Company Limited, Ashok Leyland Holdings Limited, Ashok Leyland
investments.
Limited from India with Worldwide Enterprises Pvt. Ltd of Sri Lanka. The
commercial operations commenced in 1997 and the Company has established a
vast network of over 60 dealers across the length & breadth of the Country.
Initially the focus was on distribution of genuine replacement parts from Ashok
Leyland and Tata commercial vehicles from Quality auto component
manufacturers from India, the JV is now looking at expanding the scope of
distribution to cover distribution of spare parts for Japanese vehicles also. The
core strength of the company is its large supplier base from India and vast
network of dealers.
TVS Interconnect System Limited was incorporated in the year 1999. The
company has its manufacturing facility located in Madurai. The Business
Development and Marketing Factions are headquarters in Bangalore. The
regional marketing offices are in Bangalore, Hyderabad, Mumbai, and Delhi.
Manufacture and assembly of electronic connectors, Rf Coax Product, Cable
Assemblies, Fiber optic Products and accessories.
Company Network:
TVS Motor Company has one of the most extensive networks with over
500 dealers and 2500 Customer touch points.
We have taken care to standardize facilities across all customer touch points.
Up gradation of faculties and continuous improvement in all processes is given
importance. The company also takes an active part in imparting training and
capability building in all areas including sales, service, and business
management. All our dealers are connected through the extended network of
SAP, ensuring operational efficiency.
Supply Chain Management
Forming the inner of the extended TVS family, our suppliers are involved at
every stage of product development.
We extend core values and best practices to all our suppliers. Through
continuous training forums we impart TPM (Total Productivity Maintenance)
and JIT (Just in Time) practices.
The TVS Motor Company R&D team has a strong pool of technical talent
supported by state-of-the-art infrastructure capable of developing new and
innovative designs. Currently, more than 400 engineers work on developing
radically new products and cutting-edge engine technologies. Our R&D team
has developed the revolutionary Variable Timing Intelligent (VT-i) Engines,
one of the most innovative technologies developed in the two-wheeler industry.
TVS Motor Company was also awarded the prestigious “TPM Excellence
award First category” by Japan Institute of Plant Maintenance (JIPM), rated as
the benchmark in TPM excellence in India.
Social responsibility
This extended arm of the company believes in social responsibility and has
involved itself in several community development initiatives that have
significantly improved the standard of living of the people in 51 villages across
the country.
Economic development
The program enables people below the poverty line in these adopted villages
to earn their livelihood by involving them in activities that generate income.
Health
Health is one of the focus areas of the Srinivasan Service Trust. Dental care
camps: eye camps, health check-up and nutrition programs are conducted. The
initiative also focuses on primary health, maternal health, child-care, and
leprosy eradication.
Infrastructure Development
Suppurated by Rural Research & Development Society and Kutch Nav Nirman
Abhiyan, the Company has rebuilt “Goyersama” a village in the District of
Gujarat, which was hit by an earthquake of unprecedented scale and magnitude
on 26th Jan 2001.
Education and literacy
Awards:
Strategy:
The new variants have been fine-tuned based on customer feedback. They will
attempt to offer more value to the customer, even as competitors have been
nibbling away at the company’s market share.
The new variants are basically spruced up versions of bikes that have either
been performing below expectations or attracting customers only in specific
markets.
SWOT ANALYSIS
SWOT ANALYSIS
Multiple brands across portfolio: TVS offers mopeds, motorcycles, scooters and
three wheelers and has popular brands amongst all the categories. For example,
motorcycles include popular brands like Apache RTR and Star City etc. whereas
scooters include TVS Jupiter and Scooty pep+ etc.
Strong R&D capabilities: TVS has set up a strong research and development
department which allows constant innovation in its product design and include
newer technologies in its products. This provides a competitive advantage to TVS.
Weaknesses in the SWOT Analysis of TVS:
Lack of Scale: Although TVS has experienced the increase in revenues in the
recent past, it still doesn’t stand tall when compared to large companies like Bajaj
Auto and hero MotoCorp. These companies have the capital advantage over TVS.
Growing Indian 2-Wheeler market: India has witnessed rapid growth in the 2-
wheeler market which is expected to continue in the near future. India is the
second fastest growing market in the two-wheeler industry. This presents an
opportunity for TVS to encapsulate the demand created.
Optimistic outlook for global motorcycle industry: TVS must look forward to
expanding operations globally in order to tap the positive outlook for the global
motorcycle industry which is expected to grow at a CAGR of 6.3% till 2019.
Threats in the SWOT Analysis of TVS:
It refers to hierarchical flow within the organization. It tells about the authoritative power
in the Organization. The design of organizational structure is a critical task of the top
management of an organization. It is the skeleton of the whole organizational once.
Organizational structure refers to the relatively more durable organizational arrangement
& relationships.
Organization Structure:
Fig 3.3. Structure of Sa1es & Service Departments
Supplying products of required quality & quantity on time. through the most efficient
use of resources & by promoting continuous improvement. Some of its functions are
material procurement, production, quality control, engineering, plant maintenance,
painting, machining, plating, assembling, Spare parts servicing, etc.
(E) Marketing department
To establish 'TVS" as a dominant brand the powered two wheelers in India within 3
years.
Functions
Sales
Service
Spare Parts
Product Management
Training
Exports
Dealer Management
SURVEY
AND INTERPRETATION
Survey and Interpretation
YES NO
50 0
Interpretation: -By this survey all the 50 people out of 50 know about the
TVS bike
no 0%
Yes 100%
Q2- Do You Have any TVS Bike?
YES NO
40 10
Interpretation: -There are 40 people are found out of 50 who have TVS
Bike and rest 10 people don’t have TVS Bike out of 50
No (10)
20%
Yes ( 40 ) 80%
Q3 -From how many years do you own the bike?
Interpretation: -Here 30 people found that they are using bike more
than 4 years, 10 people between 2to 4 years, 5 people between 1 to 2
years and 5 people are found that they are using bike from one years and
less out of 50
Q4 -Which is the best feature of the bike?
Stability ( 5) Othe
10% r ( 5)
10%
Milage ( 15 )
30%
Engine ( 15 )
30%
Look ( 10 )
20%
Q5- Are you satisfied with the range of TVS Bike?
YES NO
35 15
No ( 15)
30%
Yes ( 35 ) 70%
Q6-What do you say about the prices of TVS Bike?
Yes No
30 20
Interpretation: -30 people are satisfied with TVS Bike and 20 people are
not satisfied with TVS bike out of 50
no ( 20 ) 40%
yes ( 30 ) 60%
Q8- Are you satisfied with the Service of TVS Bike?
Yes No
35 15
Interpretation: -Out of 50, 35 people are satisfied with the service of TVS
Bike and 15 people are not satisfied.
no ( 15 ) 30%
Yes ( 35 )
70%
Q9-From your point of view who is the closest competitor of TVS Bike?
yamaha
10%
Hero (25 )-
Honda ( 15 )
50%
30%
Bajaj ( 5 )
10%
Q10-Are you satisfied with the prices of TVS Bike by comparing with other
companies?
Yes No
30 20
Interpretation: -30 people are satisfied with the price by comparing with
other companies TVS Bike and 20 people are not satisfied with price by
comparing with other companies TVS bike out of 50
70
60
50
40
30
20
10
Yes ( 30 ) No ( 20 )
Sales
Q11-Are you Satisfied with the Bike looking for new inventions right now?
Yes No
40 10
Interpretation: -40 people are satisfied with the Bike looking for new
inventions right now and 10 people are not satisfied with the Bike looking for
new inventions right now.
no 20%
Yes 80%
Q12-How do you rate the service performance TVS Bike.
excellentvery goodgoodbad
20%
40%
20%
20%
FINDINGS
FINDINGS
Most of the customers are very much satisfied with TVS Bike.
Hero And Honda are the Close Competitor for this bike.
From the overall study of the research, it is concluded that the company is working
effectively and efficiently.
All the customers who are using TVS are very much satisfied with this invention, but
some are looking for new inventions
BIBLIOGRAPHY
BIBLIOGRAPHY
• www.tvsmotor.in
• www.wikipedia.com
• www.google.com
• Maurya TVS Agency data
• www.zigwheels.com
• www.automax.com
• www.bikewala.com