Chennai, India – January 28, 2025: TVS Motor Company Limited (NSE: TVSMOTOR, BSE: 532343) has announced the reappointment of Mr. Venu Srinivasan as Chairman Emeritus & Managing Director for a further term of five years, effective April 24, 2025. The decision was approved by the Board of Directors at their meeting today, based on the recommendation of the Nomination and Remuneration Committee.
Key Details of the Reappointment:
- Reappointment Term: Five years (effective April 24, 2025 – April 23, 2030)
- Board Approval: January 28, 2025
- Shareholder Approval: To be obtained through postal ballot
Leadership & Strategic Role
Mr. Venu Srinivasan, a stalwart in the Indian automotive industry, has been instrumental in TVS Motor's transformation into a global player in two-wheelers and three-wheelers. His leadership has helped the company:- Expand into 80+ international markets.
- Drive sustainable mobility and EV innovation.
- Strengthen TVS Motor's global brand presence.
Family & Governance Compliance
- Mr. Srinivasan is the father of Mr. Sudarshan Venu, the current Managing Director of TVS Motor.
- The company has confirmed that Mr. Srinivasan has not been debarred from holding a director position by SEBI or any regulatory authority.
Management Commentary
TVS Motor's Board of Directors stated:"Mr. Venu Srinivasan's leadership has been pivotal in shaping TVS Motor into a global force in the automotive industry. His experience, strategic vision, and unwavering commitment will continue to drive the company's innovation and growth in the years ahead."
Market Outlook & Future Strategy
- Continued expansion in electric vehicles (EVs), including TVS iQube and international electric mobility solutions.
- Sustained global market penetration, particularly in Europe, Latin America, and ASEAN regions.
- Investment in advanced manufacturing & AI-driven automation to boost efficiency and sustainability