Ad Here  
March
April
May
June
July
August
 
 
29 per cent jump in TCS revenues New India Assurance posts impressive show Ponni Sugars (Erode) Ltd: not so sweet 2012-13 Tata Steel, ThyssenKrupp sign MoU to merge European units Is this a generation gap? L & T set bigger ambitions in defence business Aurobindo Pharmacy: good turnaround TVS Srichakra plans capacity expansion Preparing for the next growth curve Singur minus Nano – victory or folly? Tata Motors bets on new launches Last stages The unexpected exit ITC – steep excise hike Tata Motors joins compact SUV bandwagon with Nexon Kone India eyes further growth in elevator market Tata Motors aims to be among the Top 3 global CV & PV firm Back in growth mode Rane targets Rs.5500 crore topline by 2018-19 Daimler’s truck exports from Chennai cross 5000 units Forging industry worried over lower supply of steel and its price V-Guard launches app-enabled water heater system Housing demand revival TN government keen on revival of operations at Nokia complex Yamaha unveils scooter boutique Record two-wheeler sales Land wars Dish TV – subscriber additions encouraging Smooth sailing of SAIL TVS Automobile invests Rs.75 crore in start-up firms Emami – a new growth mantra Shriram Life clocks more than Rs.1000 crore premium in 2015-16 E.I.D Parry (India) Ltd: another sweet year A welcome initiative-even critics are recognised Hindalco – re-rating IOB on turnaround path From the toughest to the best year L&T bags the Mumbai Trans-harbour link order L & T’s floating dock for navy Eyes strong growth in 2016-17 Sivasankaran enters taxi space to take on Uber and Ola Maruti – for young buyers When small is not so beautiful… AL secures orders for 3600 buses Daimler grows sales and share in India Sundram Fasteners rejigs international Michelin to double Chennai capacity Wabco launches safety system Ode to Ratan Tata Vellayan is back, after 150 days Consolidating leadership position in smartphones The gainers and the losers Welcome focus to improve rural India... CAPITAL NOTES Hyundai India achieves 7 mn production at Chennai factory A niche in FMCG business... AL wins Deming prize again Bajaj Finserv – Q1: fare well Right to privacy – now it’s fundamental! Are they really independent? Carnival Films acquiring 3000 screens pan India Solar installations exceed 2015 capacity in five months Increasing market share Toyota and Suzuki to introduce EVs in India by 2020 PPP model for infrastructure development HPCL plans Rs.61,000 crore capex over 5-years Hyundai to focus on SUVs and AMT variants Tata gets 4-star rating for Zest ITC chairman calls for policy impetus to transform agriculture Tata Motors charts investments in PV and CV businesses It takes two to tango RoC in the dock... Mercedes-Benz sales continue to zoom Chinese smart phones flourish in small towns too! M & M unveils driverless technology for tractors Titan Company – sales recovery to kick in TI Cycles plans retail expansion to drive sales for premium bicycles PSU non-life firms seek to protect share Nissan exit shouldn’t affect ALL AL introduces Guru & Partner He excels in the nuts and bolts of entrepreneurship LVB posts 31 per cent growth in Q1 net profit Smartphone onslaught by Chinese brands Gamesa to set up a plant in Nellore L&T profit up by 11 per cent
 
TVS Automobile invests Rs.75 crore in start-up firms

TVS Automobile Solutions, part of the $6 billion TVS Group, has made investments in three start-ups, that it hopes would help grab the emerging opportunities in the auto after-market business.  The deal also marks the company’s big entry into digital technology.

It has invested about Rs.75 crore to pick up majority stake in three start-ups – Jazzmyride.com, a Rs.20 crore e-commerce player in auto parts and accessories business, Autosense, big data and analytics-based marketing services firm and Redsun, which is focused on developing solutions such as connected cars.

“Indian after-market is estimated at about $9 billion and has been growing at 12 per cent annually. By leveraging the technology solutions, TVS Automobile will help vehicle and parts makers to simplify complexities in the after-market business,” according to G Srinivasa Raghavan, Executive Director, TVS Automobile Solutions.

Globally, about 20 per cent of the auto industry moved to digital platforms. However, in India, it is after-market and accessories segment that is ahead of other categories to offer e-commerce solutions.

New Delhi based Jazzmyride has been dealing with parts and accessories for cars and bikes. It has exclusive partnerships for certain brands, while it markets own labels too. Leading e-commerce players such as Amazon and AskMeBazaar have tied-up with Jazzmyride, which has built a strong supply chain in the backend.

Autosense seeks to provide analytics solutions that will help improve efficiency in parts business and bring down cost of operating expenses for fleets. Bangalore-based Redsun Telematics has developed an integrated platform for vehicle and service management.

The three new businesses put together are expected to generate revenues of about Rs.250 crore over the next three years.

Author :
Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com