TVS Motor, PETRONAS partner to form PETRONAS TVS Racing Team; Stock zooms ~4%

26 Apr 2022 , 10:30 AM

TVS Motor Company, a manufacturer of two-wheelers and three-wheelers globally has joined hands with PETRONAS, in an alliance that will see the progressive energy company become the title partner of TVS Racing, India’s first factory racing team.

At around 10:33 AM, TVS Motor Company was trading at Rs674 apiece up by Rs24.7 or 3.8% on the BSE.

Rebranded as PETRONAS TVS Racing Team, the outfit will don a new livery as part of the alliance effective this season. PETRONAS is also set to supply its high-performance engine oil, PETRONAS Sprinta to the team who will participate in road-racing, supercross, and rally formats of racing, including the Indian National Motorcycle Racing Championship (INMRC), Indian National Supercross Championship (INSC), and Indian National Rally Championship (INRC).

TVS Racing, a pioneer in building Motorsports in India since 1982 has been integral in growing the racing performance culture. It has done so by creating multiple riding platforms for young enthusiasts to explore race performance in a fun and safe environment. This partnership will give a boost to further grow the popularity of racing in India.

The partnership is further complemented by a strategic business alliance with PETRONAS Lubricants International (PLI) to develop a co-branded oil — PETRONAS TVS TRU4 RacePro — which will be available for consumers in the high street market across India in May 2022.

KN Radhakrishnan, CEO TVS Motor Company: “We are delighted to have PETRONAS as our partner for TVS Racing. PETRONAS comes with many progressive technological solutions, backed by significant wins in prominent racing events. I am confident that PETRONAS’ global expertise and solid presence in motorsports combined with TVS Racing’s four decades of strong racing heritage will take us to greater heights.”

Datuk Sazali Hamzah, Executive Vice President and CEO Downstream PETRONAS: “PETRONAS continues to make headway across the value chain in India. Amongst the examples of a significant portfolio, enhancements include supplying LPG through IndianOil PETRONAS Pvt. Ltd. (IPPL), provision of rooftop solar panels via AmPlus Energy.

Today, we seal a stronger partnership with one of India’s most respected OEM, TVS Motor Company, with the PETRONAS TVS Racing Team launch. PETRONAS lubricants have a solid track record in global motorsport events, and we are proud to support TVS Racing’s ambitions.”