TVS Motors' Sundaram Auto conferred with TPM Excellence Award for its Mysuru plant

2 Feb 2022 , 01:31 PM

Sundaram Auto Components Limited (SACL), a TVS Motors Ltd. Group Company and one of India’s leading plastic auto component manufacturers announced that the company has been recognized in the category, ‘Total Productive Maintenance (TPM) Excellence Award’- presented by the Japan Institute of Plant Maintenance (JIPM) for its Mysuru plant. With this award, SACL joins the elite list of other 24 companies globally and six within India to be conferred this award.

JIPM’s TPM award is globally coveted and is a testimony to SACL’s commitment to improving the quality of its products and production efficiency by preventing equipment breakdowns, enhancing the quality of the equipment, and standardizing the equipment at its Mysuru plant. With the TVS Group being a torchbearer of TQM and TPM implementation in India, it was only natural for its group company SACL to follow suit.

Reflecting on the significance of the award, Mr. Rajesh Oommen, President- SACL, said, “We are delighted to get this honor from JIPM, which is the highest standard of TPM awards at the global level. The team has worked diligently to implement, imbibe, and standardize the overall framework of TPM, which has resulted in higher productivity by minimizing losses. I am sure this recognition will further inspire the team to achieve higher performance.”

The journey started at its Mysuru plant in Aug 2016 intending to improve customer satisfaction through on-time delivery with the best quality levels at minimum cost. As a result, the plant’s overall equipment efficiency improved by 20% between 2016 and 2021, 50% reduction in lead time to serve the customers, reducing line defects by 33%. All of this resulted in a considerable reduction in manufacturing costs, which allowed the company to sustain itself in an ever-increasing competitive market. This exercise massively improved the morale of the people working in the plant.

Conducted in two stages, a team of experts from JIPM assesses the TPM award. The assessment aims to evaluate the factory’s policies, practices, and performances around the eight pillars of the TPM technique.

Sundaram Auto Components Limited is a part of Sundaram Clayton Group and the wholly-owned subsidiary of TVS Motor Company. Since its inception in 1988, the company has grown to a full-service provider of injection molded plastic solutions to the automotive industry.

TVS Motor Company Ltd is currently trading at Rs630.50 up by Rs4.15 or 0.66% from its previous closing of Rs626.35 on the BSE. The scrip opened at Rs628.50 and has touched an intraday high and low of Rs640.50 and Rs621.80 respectively.