TVS Motor Company has received an approval for investment of a sum not exceeding 10 million Hong Kong Dollars for establishment of a wholly owned subsidiary of the company in Hong Kong, mainly to widen the potential in the export market and strengthen the supply chain management in the overseas countries. The board of directors at its meeting held on January 29, 2016 has approved for the same.
TVS Motor Company is the one of the largest two-wheeler manufacturer in India and one among the top ten in the world, with annual revenue of more than Rs. 10,131 crore in 2014-15 (around $1.6 billion), and is the flagship company of the, $7.29 billion in 2013-14, TVS Group.