Background: TVS Motors (TVSM) is the flagship company of TVS group with FY16 revenues of INR 112.5bn and the fourth largest two wheeler manufacturer in India. TVS has manufacturing facilities in Hosur, Mysore, Himachal Pradesh and Indonesia with a production capacity of 4mn and ~4000 dealer network in India. The product portfolio of TVS encompasses motorcycles (37%), mopeds (30%), scooters (30%), 3 Wheelers (3%). TVS exports its products to over 45 countries and derives 23% of...