Sudarshan Venu elevated as chairman of TVS Motor Company, succeeding Sir Ralf Speth

TVS Motor Company has announced the elevation of Sudarshan Venu as its next Chairman and Managing Director, effective August 25, 2025. The decision, approved unanimously by the company’s board, marks a generational transition at the helm of one of India’s largest two- and three-wheeler manufacturers.

The move follows the decision of outgoing Chairman Sir Ralf Speth, former CEO of Jaguar Land Rover, not to seek reappointment at the company’s upcoming Annual General Meeting scheduled for August 22. Speth will formally step down at the conclusion of the AGM but continue his association with the company in the newly created role of Chief Mentor for a three-year term starting August 23.

Sudarshan Venu, currently the Managing Director of TVS Motor, has been widely credited with accelerating the company’s global ambitions, pushing for international talent, and investing in future-ready products and technologies. His elevation comes at a time when TVS is expanding its footprint in both traditional and electric mobility segments.

“I am really honoured and excited for the future,” Venu said in a statement. “As we look ahead, we must build on the core values of customer centricity, quality, and technology, while reimagining new opportunities.”

Venu Srinivasan, Chairman Emeritus of TVS Motor Company and the father of Sudarshan, expressed confidence in the leadership transition. “Sudarshan has demonstrated tremendous growth for the business. I am confident he will take the Company to even greater heights,” he said.

Speth, in his farewell note, lauded Sudarshan's "dynamism and passion" and expressed confidence in the company’s continued success under his leadership. “TVS is in safe, responsible hands,” he said, adding that he looked forward to mentoring the next phase of growth.

TVS Motor is a global manufacturer of two- and three-wheelers, with operations in over 80 countries and manufacturing facilities in India and Indonesia. Its fourth-quarter profit jumped 76% year-on-year to ₹852.12 crore. This is a significant leap from ₹485.43 crore, the company reported in the fourth quarter last year and showcases a sustained momentum from the ₹618.48 crore profit recorded in the preceding December quarter.

The Chennai-based automaker’s revenue from operations also grew 17% to ₹9,550 crore during the quarter, up from ₹8,169 crore in the same period last year. More notably, TVS Motor achieved its highest-ever quarterly operating EBITDA of ₹1,333 crore, an increase from ₹926 crore in the fourth quarter last year, with EBITDA margins expanding to 14%.