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