The document summarizes the history of the joint venture between TVS Group and Suzuki Motors in India from its inception in 1982 until their breakup in 2001. It discusses the ups and downs in the partnership over the years, including early success with mopeds but lagging motorcycles, losses in the 1990s that led to a turnaround strategy, and eventual parting of ways in 2001 due to strategic and management differences.

13. “ It will not only cause huge loss of Foreign exchange to the country but also jeopardize the ability of TVS to develop an Indian Brand nationally-a skill assiduously developed by the Indian Management.” -Venu Srinivasan Managing Director,TVS

23. FY00 FY01 FY02 FY03 FY04 Units sold Motor cycle 313,446 354,517 450,497 718,447 706,558 Scooterrette 122,947 142,458 144,135 152,472 189,238 Moped 364,598 366,471 271,683 248,190 251,065 Total 800,991 863,446 866,315 1,119,109 1,146,861 (Rs m) Net sales 15,418 18,210 19,305 27,045 28,202 Operating profit 1,686 1,286 1,297 2,624 2,594 PAT 862 626 539 1,280 1,385 Operating profit margin 10.9% 7.1% 6.7% 9.7% 9.2% Net profit margin 5.6% 3.4% 2.8% 4.7% 4.9% Number of shares (m) 23.1 23.1 23.1 23.1 237.5 Face Value per share 10 10 10 10 1 EPS 37.3 27.1 23.3 55.4 5.8 Fully Diluted EPS 3.6 2.6 2.3 5.4 5.8