TVS Mobility

What TVS Mobility does

TVS Mobility is a privately held Indian holding company and mobility conglomerate headquartered in Madurai, Tamil Nadu, with corporate offices in Chennai. The group is controlled by the T S Rajam family (fourth generation descendants of founder T V Sundaram Iyengar, 1911) and operates across four business pillars: Manufacturing, Supply Chain Solutions, Vehicle Mobility (dealership), and Aftermarket Distribution & Services. Manufacturing subsidiaries include TVS Srichakra (tyres under the TVS Eurogrip brand, exported to 85+ countries), TVS Rubber, TVS Argomm (precision seals and O-Rings), SI Air Springs, TVS Sensing Solutions, TVS Tread, and Sun Tyre & Wheel Systems. TVS Supply Chain Solutions (TVS SCS) is a $1.2B integrated logistics provider with 18,000+ employees, 25+ million sq.ft. of warehouse space, and operations across 25+ countries serving automotive, defence, rail, and industrial clients. The Vehicle Mobility division runs 150+ dealerships across India, Sri Lanka, and Bangladesh — making it the largest corporate automobile dealer and parts distributor in the region — selling 50,000+ vehicles and servicing 500,000+ vehicles annually.

The group makes money through a combination of hardware sales (tyres, rubber products, precision parts, air springs, suspension systems), managed supply chain services, vehicle dealership margins, and recurring aftermarket subscriptions via the myTVS digital platform. Ki Mobility Solutions (myTVS) operates 800+ garages supporting 3+ million customers and 10 million active service subscriptions, with plans to expand to 2,500 touchpoints and launch an Agentic AI framework for car services by February 2026. The company has also launched a Mobility-as-a-Service (MaaS) platform for last-mile EV fleets, partnering with MoEVing, and secured marquee contracts such as Royal Navy supply chain support. Distribution relies on enterprise field sales, the proprietary myTVS digital channel, direct dealership networks, and channel partners — with marquee customers including Ashok Leyland, Honda, Mahindra, Renault, BYD, Palfinger, and various government/defence clients. The group reported collective revenue of USD 3 billion+ and 25,000+ employees across 25+ countries.

Name

TVS Mobility

Legal name

TVS Mobility

Website

https://tvsmobility.in

Company type

Private

Founded year

1911

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

TVS Mobility is a privately held Indian mobility conglomerate operating across manufacturing, supply chain solutions, vehicle dealerships, and aftermarket services. It serves automotive OEMs, enterprises, and B2C customers globally under brands like TVS Eurogrip, TVS SCS, and myTVS.

Ownership category

akta.pro rank

Product category

Automotive Mobility and Logistics Services

NAICS

Tire and Tube Merchant Wholesalers (42313), Automotive Parts, Accessories, and Tire Retailers (4413), Transportation Equipment Manufacturing (336), Motor Vehicle Manufacturing (3361), Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing (334220)

SIC

Wholesale-Motor Vehicle Supplies & New Parts (5013), Motorcycles, Bicycles & Parts (3751), Miscellaneous Transportation Equipment (3790)

akta.pro primary industry

Tire Distribution & Wholesale (Regional/Local Supply) (TLAKADAH)

akta.pro secondary industries

Truck Telematics, ADAS & Fleet Electronics Manufacturing (IMACABAM), Tire & Wheel Services (Mount/Balance/Alignment) (TLAKAAAD), Tires, wheels & related supplies distribution (CRAOANAD), Rideshare & Ride-Hailing Platforms (TNCs) (TLAFAAAK)

Keywords

• Automotive component manufacturing
• Supply chain logistics services
• Vehicle sales distribution
• Aftermarket vehicle services
• Mobility service platforms

Headquarters

HQ city

Madurai

HQ country

India

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Manufacturing: Manufacturing of tyres, high-precision safety parts, rubber products, battery-chargers, air springs, and suspension systems through subsidiaries including TVS Srichakra, TVS Rubber, TVS Argomm, SI Air Springs, and TVS Sensing Solutions
2. Supply Chain Solutions: End-to-end supply chain management and logistics services including warehousing, distribution, and freight management across automotive, defence, engineering, FMCG, rail, utilities, e-commerce, and healthcare sectors
3. Vehicle Mobility / Dealership: Sale and distribution of commercial vehicles, utility vehicles, SUVs, passenger cars, and automobile spare parts through 150+ dealership locations; authorized assembler and distributor of TVS two-wheelers in Bangladesh and Sri Lanka
4. Aftermarket Distribution & Services: Spare parts distribution, field operations, end-of-life services, power-by-the-hour guaranteed uptime agreements, and multi-brand vehicle service through Ki Mobility Solutions and myTVS platform
5. Mobility Services: Mobility-as-a-service offerings for EV fleets including leasing, fleet management, charging solutions, and tyre management; 10 million active service subscriptions

Go-to-market motion3 records

Distribution channels5 records

Marketing channels3 records

Core offering

TVS Mobility operates manufacturing businesses producing automotive tyres, rubber products, precision parts, air springs, and sensing solutions. It also provides supply-chain and logistics services, vehicle sales and distribution through dealerships, and aftermarket vehicle services and mobility solutions through Ki Mobility Solutions and myTVS.

Product overview

TVS Mobility is a diversified mobility group with USD 3 billion in revenues operating across four main business units: (1) Supply Chain Solutions via TVS SCS providing end-to-end logistics and supply chain management; (2) Aftermarket Distribution & Services via Ki Mobility Solutions operating myTVS, India's largest multi-brand vehicle service platform; (3) Vehicle Mobility as the largest automobile dealer and parts distributor in India, Sri Lanka, and Bangladesh; and (4) Manufacturing through subsidiaries including TVS Srichakra (tyres under Eurogrip brand), TVS Rubber, TVS Argomm (precision parts), SI Air Springs, TVS Sensing Solutions, and divisions like TVS Tread and Sun Tyre & Wheel Systems. The group provides comprehensive mobility solutions spanning manufacturing, supply chain, dealership, aftermarket services, and digital platforms.

Differentiator

Problem solved

Functional benefit

Brands

• myTVS: India's largest integrated multi-brand vehicle service provider. Digital automotive aftermarket platform offering services to 3+ million customers through 800+ garages.
• TVS Eurogrip
• TVS Argomm
• SI Air Springs

Products and services

• TVS Supply Chain Solutions Provides supply-chain and logistics services to businesses across operating markets.
• Vehicle Mobility Dealership Business Provides automobile sales and distribution through TVS Mobility's dealership operations.
• Ki Mobility Solutions (myTVS) Provides aftermarket vehicle distribution and services through the Ki Mobility Solutions and myTVS mobility-service offering.
• TVS Srichastra Limited A TVS Mobility manufacturing business associated with tyre production.
• TVS Rubber Provides rubber products within TVS Mobility's automotive manufacturing portfolio.
• TVS Argomm An automotive component and mobility-products business within TVS Mobility's manufacturing portfolio.
• SI Air Springs Provides air springs within TVS Mobility's automotive component manufacturing portfolio.
• TVS Sensing Solutions Provides sensing solutions within TVS Mobility's automotive component manufacturing portfolio.
• TVS Tread Provides tyre-related products and services within TVS Mobility's manufacturing portfolio.
• Sun Tyre & Wheel Systems Provides tyres and wheel systems within TVS Mobility's automotive manufacturing portfolio.

Quantifiable outcome

• 30% cost savings through localization in Pune manufacturing plant
• +3 more outcomes

Named customers8 records

Segments6 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eight partnerships are on record, tiered core, growth and minor.

• PALFINGER AGcoreStrategic or Co-development Partner · 1 February 2026Strategic partnership with Austrian lifting solutions company PALFINGER AG to establish a ₹350 crore manufacturing facility in Pune, operational by end-2027. Initial capacity over 1,000 truck-mounted cranes annually with 200 jobs. TVS Mobility provides integrated supply chain, dealership, aftermarket, rental, and mobility solutions. Partnership also includes joint exploration of opportunities in Indian defence sector.
• Transguard Group (UAE)growthChannel Partner/ Reseller/ Distributor · 1 November 2025MoU signed with UAE-based Transguard Group to expand myTVS after-sales services in West Asia and Africa regions.
• West Thames College (London)minorOthers · 1 November 2025TVS SCS supported launch of new Logistics Skills and Careers Hub at West Thames College in London as part of skills development initiative.
• Royal NavygrowthOthers · 1 December 2024TVS Supply Chain Solutions awarded 4-year contract for Maritime Consumables and Furniture (MCF) in support of Royal Navy. Also awarded 7-year multi-supplier framework to enhance Royal Navy warship and submarine support.
• MoEVingcoreStrategic or Co-development Partner · 1 September 2024Partnership with EV-based logistics company MoEVing to accelerate EV adoption in Indian market. myTVS launched mobility-as-a-service (MaaS) platform targeting last-mile EV fleets with services including leasing, fleet management, charging solutions, insurance, and tyre management.
• Babcock InternationalgrowthImplementation/ SI/ Consulting Partner · 1 September 2024Field Army, Defence Equipment & Support, Babcock and TVS Supply Chain Solutions celebrate success of Land Rover Wolf Spares contract.
• Mitsubishi CorporationcoreStrategic or Co-development Partner · 1 August 2024TVS Mobility Group and Mitsubishi Corp signed MoU for Employee Exchange Program as part of their partnership.
• Mitsubishi CorporationcoreStrategic or Co-development Partner · 1 January 20242024 joint venture between TVS Mobility and Mitsubishi Corporation with initial investment of Rs 300 crore. Joint venture to support Mitsubishi's potential return to Indian market and broader regional strategy including potential revival of Mitsubishi Pajero SUV.

Scale indicators15 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• Apollo Tyres: Indian multinational tyre manufacturer with passenger car, commercial vehicle, and off-highway product lines plus international operations. Directly comparable to TVS Srichakra in tyre manufacturing scale and to Sun TWS in off-highway segments, both with significant global export footprints.
• MRF Limited:
• Ceat Limited: Indian tyre manufacturer producing two-wheeler, passenger car, commercial vehicle, and off-highway tyres under CEAT brand. Directly comparable to TVS Srichakra and TVS Mobility's tyre manufacturing vertical in product portfolio, market positioning, and customer base across Indian automotive OEMs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/tvs-mobility
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Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TVS Mobility