Current Chairman Sir Ralf Speth to step down in August, with Venu taking over leadership while retaining managing director position.
05 Jun 2025 | 829 Views | By Angitha Suresh
TVS Motor Company announced that its Board of Directors has approved the elevation of Managing Director Sudarshan Venu to Chairman, effective August 25, 2025. Venu will serve as both Chairman and Managing Director following the transition.
The appointment comes as current Chairman Sir Ralf Speth informed the board that ...
This is an Autocar Pro Plus article. Subscribe to continue reading.
TVS Motor Company announced that its Board of Directors has approved the elevation of Managing Director Sudarshan Venu to Chairman, effective August 25, 2025. Venu will serve as both Chairman and Managing Director following the transition.
The appointment comes as current Chairman Sir Ralf Speth informed the board that he will not seek re-appointment as a company director at the upcoming Annual General Meeting. Speth will step down from his chairman role at the close of the AGM on August 22, 2025, after serving in the position for three years.
The company will appoint Speth as Chief Mentor for a three-year period beginning August 23, 2025, allowing the organization to continue benefiting from his experience and expertise in a consulting capacity.
Venu Srinivasan, Chairman Emeritus of TVS Motor Company, expressed gratitude for Speth's leadership during his tenure, citing his contributions to the company's strategic expansion into global markets and innovation initiatives. Srinivasan expressed confidence in Venu's ability to lead the company forward, noting his track record as Managing Director.
Speth stated that serving as Chairman had been an honor and expressed confidence in Venu's leadership capabilities. He emphasized Venu's vision for the business and commitment to TVS values.
In his response, Venu acknowledged the opportunity and expressed gratitude to the board. He highlighted the company's foundation built on customer focus, quality, and technology, while emphasizing the importance of building on these values while exploring new opportunities.
TVS Motor Company operates as a two and three-wheeler manufacturer with four manufacturing facilities in India and Indonesia. The company serves customers across 80 countries and has received recognition including the Deming Prize and leadership positions in J.D. Power surveys. The company trades on the BSE under scrip code 532343 and on the NSE under the symbol TVSMOTOR.
The leadership transition reflects the company's succession planning as it continues operations in the competitive automotive sector. The announcement was made through regulatory filings to both the Bombay Stock Exchange and National Stock Exchange of India today.