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TVS Motor, known for its focus on two-wheeler R&D and a rich motorsports history, is now the first Indian manufacturer to enter electric motorcycle racing

TVS Motor launches India's first electric two-wheeler racing championship

TVS Motor, known for its focus on two-wheeler R&amp;D and a rich motorsports history, is now the first Indian manufacturer to enter electric motorcycle racing

TVS Motor Company, in partnership with TVS Racing, has announced the launch of India's first-ever electric two-wheeler racing championship. This marks a significant development in motorsports and highlights the company's commitment to sustainable mobility solutions. TVS Motor Company is now the first Indian manufacturer to enter the world of electric motorcycle racing.
The TVS Racing Electric One Make Championship (e-OMC) is a unique racing format that exclusively features electric TVS Apache RTE race motorcycles designed specifically for this championship. TVS Motor, known for its strong focus on two-wheeler research and development, has a long-standing history in motorsports in India through TVS Racing, which has a rich racing heritage spanning over four decades.
Sudarshan Venu, Managing Director, TVS Motor Company said, &ldquo;TVS Motor has been championing racing ever since we started India&rsquo;s first factory racing team. TVS Racing has been instrumental in making motorsports aspirational yet accessible for enthusiasts across the country. Many of the technologies that we pioneered in our racing machines have made way to our production vehicles, giving shape to our &lsquo;track to road&rsquo; philosophy."
He added, "In line with our vision of providing exciting and sustainable mobility solutions, we are thrilled to announce the debut of India&rsquo;s first ever EV two- wheeler racing. TVS Racing e-OMC will not only set new benchmarks in the racing segment but also demonstrate the potential of electric vehicles in delivering high-octane and thrilling racing experiences for the world to witness.&rdquo;
Vimal Sumbly, Head Business &ndash; Premium, TVS Motor Company said, &ldquo;TVS Racing takes great pride in being the propagators of offering a platform for racers to hone and showcase their skills and following their passion for racing. We have been the frontrunners in the segment, whether it was pioneering the TVS OMC in India in 1994, and expanding it in women&rsquo;s and rookie class, or being the first Indian manufacturer to foray with the Asia One Make Championship or participate in the Dakar Rally. With the TVS Racing e-OMC, we take a monumental step into redefining the future of racing."

TVS Supply Chain debuts with 5% premium over IPO price. Despite decent response, competitive landscape challenges its market entry

TVS Supply Chain Solutions debuts, lists 5% above IPO price

TVS Supply Chain debuts with 5% premium over IPO price. Despite decent response, competitive landscape challenges its market entry

TVS Supply Chain Solutions made a subdued market entry on Wednesday, with its shares listing at a modest premium of 5% over the initial public offering (IPO) price. The stock commenced trading at ₹207 on the National Stock Exchange (NSE), marking a 5% increase, while on the Bombay Stock Exchange (BSE), it started at ₹206.3, a 4.7% uptick.
Although the IPO received an overall subscription of 2.85 times, signalling a decent response, the subscription rate fell short of recent IPOs, casting a shadow on the attractiveness of the listing, experts noted.
"While TVS Supply Chain Solutions holds a prominent position in the supply chain management sector, the company faces robust competition and has reported consecutive losses in the last two fiscal years. Moreover, the IPO valuation appeared notably high," remarked Anubhuti Mishra, an Equity Research Analyst at Swastika Investmart.
The IPO, amounting to ₹880 crore, witnessed a subscription of 2.78 times upon closure. The offering received bids for 69.9 million shares against an available 25.1 million shares.
The institutional buyers' section registered a subscription rate of 1.35 times, while non-institutional investors exhibited 2.35 times oversubscription. The retail individual investor category displayed a remarkable 7.61 times oversubscription. The issue was priced within the range of ₹187 to ₹197 per share.
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