TVS Motor Appoints Ravindran Shanmugam as Independent Director to Guide Digital Transformation
Bengaluru, May 14, 2026: TVS Motor Company (TVSM), a globally reputed two and three-wheeler manufacturer, has announced the induction of Mr. Ravindran Shanmugam as an independent director. The appointment is set to remain effective for a period of five consecutive years, pending shareholder approval.Mr. Ravindran Shanmugam brings substantial experience as a technology entrepreneur and business leader, specializing in scaling consumer-focused businesses, digital transformation, and AI-led platforms across various global markets. He currently serves as the Co-founder and Executive Chairman of Mablle, an AI-enabled interior design and renovation platform based in Singapore. Furthermore, his professional background includes experience as a management consultant with McKinsey & Company, where he advised businesses on growth and strategy. Mr. Shanmugam is an alumnus of the University of Oxford, bringing deep expertise in technology, innovation, platform businesses, and strategic governance to the board.
The board expects Mr. Shanmugam's appointment to elevate the company’s corporate governance standards with valuable experience.
Sudarshan Venu, Chairman of TVS Motor Company, stated that Mr. Shanmugam’s expertise in digital and consumer-focused businesses, AI-led transformation, and global strategy will significantly benefit the board. He added, "His perspectives will add valuable depth to the TVS Motor board as we continue to strengthen our future-ready growth ambitions. We are delighted to welcome him and look forward to benefiting from his insights and guidance."
Commenting on the induction, Ravindran Shanmugam stated his honor in joining an institution with a strong legacy of engineering excellence and global ambition. He emphasized that mobility is undergoing a significant reshaping through technology, digital ecosystems, AI, and evolving consumer expectations. He looks forward to contributing to the board’s deliberations, supporting the company’s long-term growth journey with insights into technology-led transformation, platform businesses, and consumer-focused innovation.
TVS Motor Company, which operates as part of the TVS Venu Group, is a global champion of sustainable mobility, manufacturing two and three-wheelers in India and Indonesia. The company leverages a 100-year legacy of trust and quality. TVS Motor is noted for its achievements, including winning the prestigious Deming Prize and being ranked No. 1 Company in the J.D. Power Customer Service Satisfaction Survey for four consecutive years. The group also owns Norton Motorcycles in the United Kingdom, and its subsidiary, TVS Ebike Company AG, maintains a leading position in the e-bike market in Switzerland. The company delivers its superior customer experience across 90 countries.
TVSMOTOR Stock Price Movement
TVS Motor Company Limited shares today slipped by 1.81% to settle at ₹3460.8 in post-market trading. The drop was accompanied by significant trading activity, with approximately 1.85 million shares traded throughout the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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