Latest news with #AniruddhaHaldar
Mint
26-06-2025
- Automotive
- Mint
TVS rejigs structure to change EV business head as new two-wheeler president takes charge
TVS Motor Co. Ltd has entrusted Aniruddha Haldar with managing the electric vehicle division, as the country's third-largest two-wheeler maker seeks to bolster its business in a segment where the top three companies account for nearly 70% of total sales. Haldar, a senior vice-president, succeeds Manu Saxena, a TVS veteran of over two decades, who has been tasked with leading product development and engineering for India and overseas markets, according to two people familiar with the development. TVS also appointed Vimal Sumbly, its current head of premium two-wheeler business, to oversee the domestic business of Norton, the UK-based motorcycle maker that TVS bought in 2020. These leadership changes follow TVS's appointment of Gaurav Gupta as president of its two-wheeler business in February. Before joining TVS, Gupta was the deputy managing director at JSW MG Motor India. 'The changes in the structure are effective this financial year, taking effect from April,' said one of the persons mentioned above. TVS entered the EV space in 2020 with the launch of the iQube electric scooter. Saxena, who has been with the company since 2004, has led it so far. Haldar, who is currently also heading TVS' commuter motorcycle business, has been with the company since October 2011. TVS confirmed the developments and explained its business structure in response toMint's queries. TVS has three business heads—Gaurav Gupta, president of the India two-wheeler business, Peyman Kargar, head of its international business, and Rajat Gupta, business head of commercial mobility—who report directly to the chief executive officer (CEO) Radhakrishnan. Two business heads—Vimal Sumbly, head of premium business (including Norton) and Aniruddha Haldar, head of commuter and EV business and head of corporate brand and media—report to Gupta. 'In other key leadership movements, Manu Saxena has taken up a new role as head—Global Product Planning, Design and NPD (2W),' the company said in a reply toMint's queries. The two-wheeler maker's presence in the electric ecosystem expanded to 237,576 scooters in FY25, capturing a 21% market share and growing by around 29% compared to the previous year. Out of the company's total revenue of ₹ 44,089 crore in the last fiscal, ₹ 3,364 crore came from the EV business. The company is fending off competition from Ola Electric Mobility Ltd and Bajaj Auto Ltd, who are fighting for market leadership over the last year. Bajaj, whose Chetak electric scooter helped double FY25 growth, reached sales of 230,806. TVS has taken strides in the electric scooter market during the current financial year, with it topping the sales chart in both April and May with 19,937 and 24,561 electric two-wheeler sales, respectively. With the company gaining market leadership in the electric two-wheeler segment, analysts have noted that TVS products are finding traction in the market. 'TVS Motor has established the iQube as a strong brand in the e2W segment, now offering three battery variants (2.2 kWh, 3.4 kWh and 5.1 kWh) and expanding its presence to approximately 950 dealerships,' Axis Securities analysts said in a 29 April note. The company has remained bullish on the electric scooter market, which, according to its chief executive officer, K.N. Radhakrishnan, will help push scooters' share in the overall two-wheeler market up. 'I think every time I look at it, because I used to say that with EV coming in for the scooter industry, the category share will go up. I think that is exactly what is happening,' Radhakrishnan told analysts during the firm's earnings call on 28 April. 'If you look at the scooter category share, it's now somewhere around 38%. It is likely to go up further because scooters have their own convenience, their own benefit, and with EV scooters, almost 1.2 million, whatever we have seen, I think we are expecting scooters to definitely grow,' he added. In FY25, the country saw scooter sales surge by 17% to 6.75 million units, which led to the overall growth of the two-wheeler market. Meanwhile, the company is also looking to tap the premium motorcycle market in the country with the introduction of Norton. The company acquired the UK premium motorcycle brand in 2020 in an all-cash deal for ₹ 153 crore. Since its acquisition, the company has invested more than ₹ 1,000 crore in the business. Norton will introduce its first product in the Indian market later this fiscal year. TVS share price surged by 21.2% in 2025 as against a 5% surge in Nifty Auto.
Business Standard
29-05-2025
- Automotive
- Business Standard
TVS Motor launches TVS Jupiter 125 Dual Tone SmartXonnect
TVS Motor Company announced the launch of the TVS Jupiter 125 Dual Tone SmartXonnect (SXC), the latest variant in the successful TVS Jupiter line-up. Built to deliver Zyada - more style, more features, and more value, the new scooter stays true to the brand's promise of Har 125cc Scooter Se Zyada. With its progressive neo-masculine design and segment-first features, the TVS Jupiter 125 Dual Tone SXC caters to today's riders who expect their everyday commute to reflect their aspirations. It also debuts two eye-catching dual-tone colour options; Ivory- Brown and Ivory Grey, that perfectly complement the premium sensibilities of urban India. Speaking on the launch, Aniruddha Haldar, Senior Vice President Head Commuter & EV Business and Head Corporate Brand & Media, TVS Motor Company, said, Today's customers are not just buying a scooter, they are investing in a reflection of their progressiveness. After the successful launch of TVS Jupiter 110, it made perfect sense to give the TVS Jupiter 125 a fresh update. The TVS Jupiter 125 Dual Tone SXC represents that evolution, delivering an optimum mix of performance, comfort, and advanced connectivity. With this launch, we reinforce our 'Zyada' philosophy, giving our riders more of everything that matters.
India Today
29-05-2025
- Automotive
- India Today
TVS Jupiter 125 launched at Rs 88,942, know what's new
TVS Motor Company has launched a new variant of the 125cc version of its popular scooter, the Jupiter. Named the Jupiter 125 Dual Tone SmartXonnect (SXC), it is priced at Rs 88,924 (ex-showroom) and is based on the SmartXonnect variant of the scooter. Read ahead to find out the changes this variant brings to the Jupiter Jupiter 125 Dual Tone SmartXonnect gets two dual tone colour options, Ivory- Brown and Ivory Grey. The firm also claims that it has a newly designed seat, along with other design elements like the LED headlamp and diamond-cut alloy wheels present on the variant it is based on. It gets a fully digital reverse LCD cluster that can display call and SMS alerts, real-time and average fuel efficiency indicators, low fuel warning, trip meter and others. Jupiter 125 Dual Tone SmartXonnect Ivory Brown colour advertisementMechanically, the Dual Tone SmartXonnect variant remains unchanged compared to the Jupiter 125 as it is powered by the same 124.8 cc single-cylinder engine, which puts out 8.5bhp at 6,500rpm and 11.1Nm at 4,500rpm. The suspension setup is also unchanged in the form of a telescopic fork at the front and twin shock absorbers at the rear. The scooter weighs 108kg while having a ground clearance of 163mm. It continues to have the segment-leading 33-litre under-seat storage, front fuel-fill and a 2-litre front open glove box. Speaking on the variant's launch, Aniruddha Haldar, Senior Vice President, Head Commuter & EV Business and Head Corporate Brand & Media, TVS Motor Company, said, 'Today's customers are not just buying a scooter, they are investing in a reflection of their progressiveness. After the successful launch of TVS Jupiter 110, it made perfect sense to give the TVS Jupiter 125 a fresh update. The TVS Jupiter 125 Dual Tone SXC represents that evolution, delivering an optimum mix of performance, comfort, and advanced connectivity. With this launch, we reinforce our 'Zyada' philosophy, giving our riders more of everything that matters.'advertisementSubscribe to Auto Today Magazine
India.com
29-05-2025
- Automotive
- India.com
TVS Launches Jupiter 125 Dual Tone SXC with SmartXonnect, Premium Design & Segment-Leading Comfort
TVS Launches Jupiter 125 Dual Tone SXC with SmartXonnect Features and Premium Styling Bengaluru — TVS Motor Company has expanded its popular Jupiter line-up with the launch of the Jupiter 125 Dual Tone SmartXonnect (SXC). This new variant brings a refreshed design, advanced connectivity, and several best-in-class features to the 125cc scooter segment. The Jupiter 125 Dual Tone SXC sports a modern, neo-masculine look with striking dual-tone body panels and diamond-cut alloy wheels. It is offered in two new premium colour options — Ivory Brown and Ivory Grey — aimed at appealing to urban riders looking for a stylish yet practical ride. Powering the scooter is a 124.8cc single-cylinder engine with i-GO Assist technology, delivering a class-leading torque of 11.1 Nm @ 4,500 rpm. The engine promises strong pickup without compromising fuel efficiency, making it ideal for city commuting. Designed for comfort, the scooter features the longest seat in its segment, complemented by a cushioned pillion backrest. It also offers 33 litres of under-seat storage, capable of fitting two full-face helmets, along with a front fuel-fill and a 2-litre glove box for added convenience. A key highlight is the SmartXonnect-enabled fully digital reverse LCD cluster, which provides call and SMS alerts, real-time mileage data, trip meter, and low fuel warnings — bringing smart connectivity to everyday commuting. Built with a Metal Maxx body, the scooter offers added durability with high-metal content panels, while larger front and rear tyres ensure better stability and grip on varied road conditions. Commenting on the launch, Aniruddha Haldar, Senior VP at TVS Motor Company, said, 'The new Jupiter 125 Dual Tone SXC is a reflection of evolving customer aspirations. It delivers more style, comfort, and technology, staying true to our 'Zyada' philosophy.' The TVS Jupiter 125 Dual Tone SXC is now available at TVS dealerships across India at an ex-showroom price of Rs 88,942 (Ex-showroom, Delhi). With this launch, TVS aims to strengthen its position in the growing 125cc premium scooter market.
