Currently, Sudarshan Venu holds the position of managing director of the leading two- and three- wheeler maker.
The board of directors recognised Venu’s “exemplary contributions to the company’s sustained growth and strategic development” during his tenure as director, the company said in a statement.
The transition follows the decision of the current chairman Sir Ralf Speth not to seek re-appointment to the board at the upcoming annual general meeting (AGM). He will step down as chairman at the close of the AGM on 22 August 2025.
“Ralf’s contributions over the past three years have been invaluable in guiding the company’s strategic expansion into global markets and fostering innovation,” said Venu Srinivasan, Chairman Emeritus, TVS Motor Company. “We are grateful for his continued support as chief mentor for TVS Motor and in welcoming Sudarshan into his new role,” he added.
Ralf Speth will be appointed chief mentor of the company for a period of three years starting 23 August 2025.
“As I hand over the chairmanship to Sudarshan, I am confident that under his leadership, the company will continue its growth journey while championing core TVS values,” said Speth. “Sudarshan’s dynamism and passion underscore his vision for the business,” he added.
Reflecting on the leadership transition, Sudarshan Venu said, “Sir Ralf has been instrumental in challenging and mentoring us to expand globally, onboard international talent and invest in future-ready products and technologies. I look forward to his continued guidance as our chief mentor.”
Steady growth
Under the leadership of Sudarshan Venu, TVS Motor Company has witnessed a steady growth in market share. TVS Motor is now ranked among the top five two-wheeler manufacturers in the world. He has been instrumental in steering the company with the broader sustainability agenda through electrification of its products, IQube – the first electric scooter launched in January 2020, and building a strategic Personal e-Mobility eco-system through the acquisition of Ego Movement, a Swiss tech company providing e-mobility solutions. He has also spearheaded the company’s acquisition of the iconic British brand Norton Motorcycles. He has also been instrumental in successfully setting up Emerald Haven Realty Ltd., a major real-estate player, and TVS Credit Services, a non-deposit taking non-banking finance company. A graduate with Honors in the Jerome Fisher Program in Management and Technology from the University of Pennsylvania, Sudarshan Venu obtained B.S. in Mechanical Engineering from the School of Engineering and B.S. in Economics from the Wharton School and completed his M.Sc. in International Technology Management from the Warwick Manufacturing Group attached to the University of Warwick in the U.K.
He has driven the company’s e-mobility push, helping it capture over 25% market share in the EV space and expand its global footprint to more than 80 countries. His focus on innovation, future technologies and digital capabilities has been central to TVS’s growth.