TVS Supply Chain Hits Milestone with 5 Lakh CKD Kits for TVS Motor, Shares Surge

12 Apr 2024 , 01:10 PM

TVS Supply Chain Solutions Limited’s shares surged by over a% to ₹174 on April 12 following the announcement of achieving a milestone of 5 lakh CKD kits for TVS Motor from its Hosur facility.

These CKD kits are tailored to meet the demands of TVS Motor’s 26 export markets across Asia and Africa, enhancing the company’s global export capabilities.

The Hosur facility plays a vital role in bolstering the company’s global export capabilities by facilitating CKD assembly, maintaining minimal to zero defects.

Services provided by the Hosur plant include production planning, quality management, inbound material activities, kitting, reverse logistics, and export.

The fully automated facility reached its first milestone of 100,000 CKD kits in July 2022 and has since maintained a consistent pace of adding one lakh kits every five months.

In February 2024, the company extended its contract with luxury carmaker Rolls Royce for 5 years, focusing on enhancing warehouse efficiency and productivity through an Automated Storage & Retrieval System (ASRS).

TVS Supply Chain Solutions, now under the TVS Mobility Group, offers specialized solutions covering the complete value chain from procurement to consumption.

Despite a recent 13% slip in shares over the last three months, at the time of writing, the shares were trading at ₹175.85, reflecting a 2.24% gain compared to the previous close.

TVS Motor Company, headquartered in Chennai, is India’s third-largest motorcycle manufacturer by revenue, with an annual production capacity exceeding four million vehicles. It is also the second largest two-wheeler exporter in India, exporting to over 60 countries.

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