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M.S.P. Mandals
Deogiri Institute of Management Studies,
Aurangabad
A
Summer Training Project Report
On
JAIN PRECISION AND FORGINGS PVT. LTD.
Submitted by
Mr.
Roll no:-
MBA III semester
Batch
2012-2013
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M.S.P. Mandals
Deogiri Institute of Management Studies,
Aurangabad
A
Mini Project Report
On
JAIN PRECISION AND FORGINGS PVT. LTD.
Submitted by
Mr.
Roll no:-
MBA III semester
Batch
2012-13
In partial fulfillment of the completion of the course of MBA
Dr. Babasaheb Ambedkar Marathwada University, Aurangabad
Prof. Prof. Dr. Ulhas Shiurkar
Project guide HOD Director
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Acknowledgement
I, ..............hereby thank my project guide, Prof. .. for guiding
and encouraging me to complete the Summer Training Project.
I also thankProf. . (HOD) and Dr. Ulhas Shiurkar (Director),
Deogiri Institute of Engineering and Management Studies, Aurangabad for
encouraging and guiding me through the Summer Training Project study.
Mr. ..
Roll no:-
MBA III semester
Batch
2012-2013
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Declaration
I hereby declare that I have formed, completed and written
the Summer Training project entitled JAIN PRECISION AND
FORGING PVT. LTD.. It has not been previously submitted
for the basis of the award of any degree or other similar title for
any other university.
Place : Mr. .
Date:
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This is to certify that, I Mr. ..is the students of
Deogiri Institute of Engineering And Management Studies,
Batch 2011-12. I have successfully completed the Mini project
report (CP109) on Jain Precision And Forgings Pvt. Ltdand
had submitted the report to Dr. Babasaheb Ambedkar
Marathwada University, Aurangabad.
In practical fulfillment of the course Master of Business
Administration (F.Y.1st
semester) 2011-2012.
Prof. Prof. Dr. Ulhas Shiurkar
Project guide HOD Director
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WHAT IS IN PLANT TRAINING?
In plant training is generally a practical work or a project work followed by
report/ thesis submission to the authorities. Students are deputed to various
industrial/ research organizations based on various subjects of interest allotted by
their respective institutions. This practical training and project work help students
to understand industrial and outside environment. In other words, this acts as a
bridge between academic institutions and industries for various job opportunities
and building future professional careers of students after completion of their
Degree/ Diploma courses.
In plant training is a training programmed at the end of ones M.B.A.
courses in a reputed company for 10 days to 45 days so that the students get an
opportunity to explore their career field and experience real work situations and
gain future employment contacts by networking with potential employers.
In plant training is very crucial and important period in our educational life.
So this training should be in such a way that it ensures a strong and firm base of
knowledge and skills which will decide our bright future.
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WHY IN PLANT TRAINING IS IMPORTANT FOR M.B.A. STUDENTS?
In plant training is an essential and integral part of M.B.A. Degree and
Diploma courses/ curriculum of various universities and educational institutions in
almost all parts of India. Implant training and project work is carried out in various
R& D / Industrial / Operational Organizations.
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SALIENT BENEFITS OF IN PLANT TRAINING & PROJECT
WORK
It acts as a bridge between academic institutions and industrialorganizations for students who will be pursuing their professional
careers.
Students are exposed to practical work which helps them buildingconfidence level and provide job opportunities.
Project work & report remains an evidence of practical ability ofones performance.
Students get benefit of making contacts and get an exposure. This work enhances their ability for jobs and opens a gateway to
outside world.
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OBJECTIVES OF IN PLANT STUDY
Any practical or project work should have a strong theoretical base. So the
project works carried out during In-plant training is supported with the academic
base which proves to be supportive in carrying out any practical or project work
The main objective of the implant courses in to provide us with an
understanding of the industry and practices management elements that are needed
to successfully implement the learning and procedures into practice. We learn
practical information about working of industry and will learn procedures
otherwise referred out to other specialists.
`Either we will be asked to perform the particular work or will be allowed to watch
or observe the work done by them.
The main objectives of main in plant studies:-
To have study focus on more practical based knowledge. To acquaint myself with outside environment and working of industries. To gain the knowledge about different departments and there functions.
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COMPANY INTRODUCTION
TVS Motor traces its origins back to the entrepreneurial spirit of Trichur
Vengaram Sundaram Iyengar who gave up lucrative careers in the Indian Railways
and in banking to set up his own business. He began with Madurai's first busservice in 1911 and founded T.V.Sundaram Iyengar and Sons Limited, a company
that consolidated its presence in the transportation business with a large fleet of
trucks and buses under the name of Southern Roadways Limited. When he died in
1955 his sons took the company ahead with several forays in the automobile
sector, including finance, insurance, and manufacture of two-wheelers, tyres and
components. The group has managed to run 33 companies that account for a
combined turnover of nearly $3 billion.
Early years
Sundaram Clayton, then the flagship company, was founded in 1962 in
collaboration with Clayton Dewandre Holdings, United Kingdom. It manufactured
brakes, exhausts, compressors and various other automotive parts. The company
set up a plant at Houser in 1978 to manufacture mopeds as part of a new division.
A technical collaboration with the Japanese auto giant resulted in the joint-venture
Ind Suzuki Limited in 1982 between Sundaram Clayton Ltd and Suzuki Motor
Corporation. Commercial production of motorcycles began in 1984.
Suzuki relationship
TVS and Suzuki shared a 19 year long relationship that was aimed at technology
transfer to enable design and manufacture of two-wheelers specifically for the
Indian market. Rechristened TVS-Suzuki, the company brought out several models
such as the Suzuki Samurai, Suzuki Shogun and Suzuki Fiero. Differences in
opinion on how to run the joint venture eventually led to the partners going their
separate ways in 2001 with the company being renamed TVS Motor, relinquishing
rights to use the Suzuki name. There was also a 30 month moratorium periodduring which Suzuki promised not to enter the Indian market with competing two-
wheelers. The company also got over a period of labour unrest that required
Chairman Venu Srinivasan to take tough measures to resurrect a company that was
in a state of turmoil. He would go on to invest in new technology, nurture in-house
design, and implement Toyota-style quality programs.
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Recent
Over the years TVS Motor has grown to be the largest in the group, both in terms
of size and turnover, with four state of the art manufacturing plants in Houser,
Mysore and Nalagarh in India and Karawang in Indonesia. TVS Motor is creditedwith many innovations in the Indian automobile industry, notable among them
being the introduction of India's first two-seater moped, the TVS 50cc. The
company became the leader in its category of sub 100 cc mopeds, having sold 7
million units. It also introduced the TVS Scooty, which is India's second largest
brand in the scooterette segment. The TVS Jive launched in November 2009
became India's first clutch-free motorbike aimed at a stress-free rider experience
while the unisex scooter TVS Wego is targeted at urban couples, featuring body-
balance technology for easier handling. On 1 June 2012, TVS Motors reported a
dip of 5% in its total sales for May 2012. In July 2012, TVS Motors and BMW
Motorrad were reported to be in talks for technology sharing.
TVS Motor Company Ltd, the flagship company of TVS Group is the third largest
two-wheeler manufacturer in India. The company manufactures a wide range of
two-wheelers from mopeds to racing inspired motorcycles. The company is having
their manufacturing plants at Hosur in Tamilnadu, Mysore in Karnataka and Solan
in Himachal Pradesh. They are also having one unit located at Indonesia. Theirsubsidiaries include Sundaram Auto Components Ltd, TVS Motor Company
(Europe) BV, TVS Motor (Singapore) Pvt. Ltd, PT TVS Motor Company,
Indonesia, TVS Energy Ltd and TVS Housing Ltd. TVS Motor Company Ltd is a
part of Sundaram Clayton group in TVS group of companies. In the year 1979,
Sundaram-Clayton Ltd started Moped Division at Hosur to manufacture TVS 50
mopeds. In the year 1982, the company entered into a technical know-how and
assistance agreement with Suzuki Motor Co Ltd of Japan and in the year 1985,
they incorporated a new company Lakshmi Auto Components Pvt. Ltd for themanufacture of critical engines and transmission parts. In the year 1986, the
company acquired the assets of the moped division from Sundaram Clayton Ltd.
Also, the name of the company was changed from Indo Suzuki Motorcycles Ltd to
TVS Suzuki Ltd. In the year 1992, they launched two modes of motor cycles
namely, Samurai and Shogun and in the year 1993, they launched TVS Scooty.
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During 1999-2000, TVS Suzuki Ltd was amalgamated with Sundaram Auto
Engineers Ltd, an unlisted group company which was incorporated in the year
1992. As per the scheme, all the assets and liabilities of erstwhile TVS Suzuki Ltd
together with all obligations and contingent liabilities were vested in Sundaram
Auto Engineers (India) Ltd with effect from April 22, 1999. This merged entitywas later renamed TVS Suzuki Ltd. The TVS group and Suzuki Motor Corporation
parted ways from their 15-year-old joint venture on September 27, 2001. The
shares held by the Suzuki Motor Corporation were acquired by Anusha
Investments Ltd, a wholly owned subsidiary of Sundaram-Clayton Ltd for Rs. 9
crore. Thus, the company became a subsidiary of Sundaram-Clayton Ltd with
effect from November 15, 2001. Since, Suzuki Motor Corporation ceased to be a
shareholder of the company, the company cannot use the word 'Suzuki' as the part
of their name and hence the name of the company was changed to TVS MotorCompany Ltd. During the year 2002-03, the new stylish TVS Scooty Pep and the
upgraded version of Fiero was launched in the market. In April 1, 2003, the
subsidiary company namely, Lakshmi Auto Components Ltd acquired the entire
paid up capital of Sundaram Auto Components Ltd. Consequently, Sundaram Auto
Components Ltd became a subsidiary company with effect from April 1, 2003. In
October 2003, the company entered into a scheme of arrangement with Lakshmi
Auto Components Ltd and Sundaram Auto Components Ltd. As per the scheme,
all the assets and liabilities of the rubber and plastic businesses of Lakshmi Auto
Components Ltd were transferred to Sundaram Auto Components Ltd on slump
sale basis on April 1, 2003 for a consideration of 12.25 crores. The remaining
business of Lakshmi Auto Components Ltd, namely engine components division
together with their investments in other bodies corporate was transferred to the
company with effect from April 2, 2003. During the year 2003-04, the company
launched new products such as TVS Centra, New Victor GL, Fiero F2 & Fx and
Scooty Pep. During the year 2004-05, they launched new products such as TVS
Star, New Victor GLX, New Victor GX and Scooty Pep 'Splash' series. During the
year 2005-06, the company entered into a joint venture with Columbian party for
exploring opportunities in Columbian market with an equity investment of Rs. 5
million. The company incorporated TVS Motor Company (Europe) B V in
Netherlands as a wholly owned subsidiary of the company with an investment of
Rs. 91.63 crore. During the year, TVS Motor Singapore Pvt. Ltd, Singapore
became a wholly owned subsidiary of the company with an investment of Rs.
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30.51 crore. PT TVS Motor Company Indonesia was incorporated in Indonesia to
manufacture motorcycles and parts with an investment of USD 27.60 million and
became subsidiary of the company in view of it being the subsidiary of TVS Motor
Company (Europe) B V, which holds 75% of the share capital. The remaining 25%
was held by TVS Motor Singapore Pvt. Ltd. PT TVS Motor Company Indonesiahas acquired lands in Indonesia for setting up a facility for manufacturing two
wheelers. During the year 2006-07, the company has established a new plant in
Himachal Pradesh with an annual production capacity of 4, 00,000 units scalable to
6,00,000 units. PT TVS Motor Company Indonesia, a subsidiary of the company,
established a manufacturing facility at Karawang, near Jakarta in Indonesia with
production capacity of 3 lakh vehicles per annum. During the year, the company
launched multiple new products and variants such as, StaR City ES, StaR Sport,
Scooty Teenz and 99 Colors on Scooty PEP. During the year 2007-08, thecompany commenced commercial production from its Nalagarh Plant located in
Himachal Pradesh. They commenced their commercial production from their state-
of-the art plant located at Karawang in Indonesia and launched TVS Neo, which is
exclusively developed for the Indonesian market. During the year, the company
launched various new products and variants such as TVS Flame, Apache RTR,
StaR Sport, StaR City 110 cc, Scooty TeenZ Electric, TVS Tru4 Oil. In March
2008, the company launched their three wheeler, TVS King in two variants,
namely two stroke petrol and two strokes LPG. The company won the Team Tech
2007 Award of Excellence for Integrated use of Advanced Computer Aided
Engineering Technologies in product development. They also won the prestigious
SAP ACE 2007 Awards for Customer Excellence in the Most Innovative Net
weaver Category for several SAP implementations that are put in place. In June
2008, the company entered into a contract manufacturing arrangement with
Mahabharat Motors Manufacturing Pvt. Ltd whereby TVS motor cycles will be
manufactured at the latter's two-wheeler manufacturing facility that is located on
the outskirts of Kolkata. TVS would help Mahabharat Motors to set up the factory
and provides engineering support to them. The production would commence from
June 2009. During the year 2008-09, the company launched Scooty Streak, a tough
and trendy variant of Scooty Pep+ and Apache RTR RD, premium segment
motorcycle. Also, they launched their three-wheeler, TVS King in six states. In
June 2009, T V Sundram Iyengar & Sons Ltd and their subsidiaries acquired the
holding of foreign collaborators, Clayton Dewandre Holdings Ltd in Sundaram-
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Clayton Ltd. Thus, Sundaram-Clayton Ltd became a subsidiary of T V Sundram
Iyengar & Sons Ltd. Consequent to this acquisition; the company also became the
subsidiary of TVS with effect from June 3, 2009. During the year 2009-10, the
company launched TVS JIVE and TVS Wego in the market. They also launched a
four stroke three-wheeler with superior features. They commenced export of TVSApache to Brazil. Also, they developed a pan India presence in three-wheelers. In
December 2009, the company acquired the entire shareholding of TVS Energy Ltd.
Thus, TVS Energy became a wholly owned subsidiary of the company. In June
2010, they acquired the entire paid up capital of TVS Housing Ltd and thus, TVS
Housing Ltd became a wholly owned subsidiary of the company. In October 2010,
the company won the SAP ACE Award for Consumer Excellence 2010 in 'Best
Run Award in Automotive' category. They also won the Silver EDGE award from
Information Week, a leading IT magazine for in house design and development ofData Acquisition System for improving shop floor productivity. Information Week
annually recognize enterprises driving growth and excellence through IT. In
November 2010, the company launched TVS TRU4 Premium, a semi-synthetic 4T
Engine Oil. In February 2011, Indian Bank signed an MoU with the company for
financing three wheelers manufactured by the company. In March 2011, the
company introduced ABS (Anti-lock Braking System) in their premium segment
motorcycle TVS Apache RTR 180, giving the bike formidable stopping power and
superior braking control that compliments its high performance capability.
Growth
24 May, 2012:
Revenue increases by Rs. 838 crores
TVS Motor Company has further consolidated its growth performance with
healthy profits for the year ended 31st March 2012. While product upgrades were
introduced across segments during the financial year 2011-12, the company
expects to launch new products in 2013, thereby improving its product portfolio
and increasing growth prospects.
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VISION AND MISSION
TVS Motor Company - Mission
We are committed to being a highly profitable, socially responsible, and leading
manufacturer of high value for money, environmentally friendly, lifetime personal
transportation products under the TVS brand, for customers predominantly in
Asian markets and to provide fulfillment and prosperity for employees, dealers and
suppliers.
Vision Statement
TVS Motor - Driven by the customer
TVS Motor will be responsive to customer requirements consonant with its corecompetence and profitability. TVS Motor will provide total customer satisfaction
by giving the customer the right product, at the right price, at the right time.
TVS Motor - The Industry Leader
TVS Motor will be one among the top two two-wheeler manufacturers in India and
one among the top five two-wheeler manufacturers in Asia.
TVS Motor - Global overview
TVS Motor will have profitable operations overseas especially in Asian markets,
capitalizing on the expertise developed in the areas of manufacturing, technology
and marketing. The thrust will be to achieve a significant share for international
business in the total turnover.
TVS Motor - At the cutting edge
TVS Motor will hone and sustain its cutting edge of technology by constant
benchmarking against international leaders.
TVS Motor - Committed to Total Quality
TVS Motor is committed to achieving a self-reviewing organization in perpetuity
by adopting TQM as a way of life. TVS Motor believes in the importance of the
process. People and projects will be evaluated both by their end results and the
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process adopted.
TVS Motor - The Human Factor
TVS Motor believes that people make an organization and that its well-being isdependent on the commitment and growth of its people. There will be a sustained
effort through systematic training and planning career growth to develop
employees talents and enhance job satisfaction. TVS Motor will create an
enabling ambience where the maximum self-actualization of every employee is
achieved. TVS Motor will support and encourage the process of self-renewal in all
its employees and nurture their sense of self worth.
TVS Motor - Responsible Corporate Citizen
TVS Motor firmly believes in the integration of Safety, Health and Environmental
aspects with all business activities and ensures protection of employees and
environment including development of surrounding communities. TVS Motor
strives for long-term relationships of mutual trust and interdependence with its
customers, employees, dealers and suppliers.
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BOARD OF DIRECTORS
Venu Srinivasan
Chairman & Managing Director
H. LakshmananDirector
T. KannanDirector
C.R. Dua
Director
K.S. BajpaiDirector
R. RamakrishnanDirector
Prince AsirvathamDirector Senior Management
Harne Vinay ChandrakantPresidentNPI
S.G. MuraliExecutive Vice PresidentFinance
Company SecretaryK.S. Srinivasan
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COMPANY HISTORY- TVS MOTOR CO. LTD.
1982
- The company was incorporated as Indian Motorcycle Pvt. Ltd. on 15th July. Its
name was changed to Indo Suzuki Motorcycles Pvt. Ltd. and it was converted into
a public limited company on 12th January, 1984. It was promoted by Mr. N.
Krishnan in collaboration with Suzuki Motor Co. Ltd. Japan; Sundaram-Clayton,
Ltd., a member of the Company to the extent of Rs 70 lakhs.
- The company entered into a technical know-how and assistance agreement with
Suzuki Motor Co. Ltd., of Japan on 22nd September. As per the terms of the
Collaboration, Suzuki agreed to furnish complete technical information and know-
how, trade secrets and other data.
- All shares taken up by promoters etc.
1984
- The company received a letter of intent for the manufacture of 20,000 spark
ignition operated out board motors and 30,000 internal combustion spark ignition
engines up to 500cc per annum.
- 59, 40,000 shares issued at par in 1984. 7,00,000 shares allotted to Sundaram
Clayton, Ltd. Chennai, 70,000 shares allotted to Anusha Investments (P) Ltd.
Chennai, 20,00,000 shares allotted to Suzuki Motor Co., Ltd., Japan; 2,20,000
shares allotted to employees and business associates and 29,70,000 shares offered
to the public.
1985
- A new company "Lakshmi Auto Components Pvt. Ltd." was incorporated for the
manufacture of critical engines and transmission parts.
1986
- The company acquired the assets of the moped division from Sundaram Clayton
Ltd. The cost of acquisition was met partly by rights issue of equity shares. The
company subscribed to 39,20,000 equity shares of Rs.10 each of Lakshmi Auto
Components Pvt Ltd, whereupon it became a subsidiary of the company.
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- The name of the company was changed from Indo Suzuki Motorcycles Ltd. to
TVS Suzuki Ltd with effect from 18th August.
- 154,00,000 Rights Equity shares issued at par in prop. 2:1.
1988
- The company obtained a letter of intent for expanding the capacity to 4,00,000
Nos. two wheelers.
1989
- The working was adversely affected due to labour unrest which resulted in a
lock-out from 28th February 1990. The lock out was lifted in the second week of
June 1990. 1990
- The company launched a 34cc miniped to take advantage of the Motor Vehicle
Act that exempts such vehicles from the payment of road tax. The Company
worked for only 10 months due to lock-out. 1991
- The technical aid agreement entered into with Suzuki Motor Co., Japan which
expired in August 1991 was extended for three more years with the approval of the
Government of India.
1992
- The Company launched two new models of motor cycles viz. `Sumurai' and
`Shogun'.
1993
- The Company launched a new model of moped viz. `TVS Scooty'.
1995
- The Company was studying the feasibility of opening a second plant at a different
location to meet the growth in demand for two wheelers in the near future. It also
proposed to introduce upgraded version of mopeds. In addition, during the year,
the Company undertook to develop new models of motorcycles.
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1996
- The company is taking steps to meet the increase in demand for its products and
improve the market share.
- A statement relating to the subsidiary, M/s Lakshmi Auto Components Limited,Chennai, and a copy of its annual accounts for the year ended 31st March, 1996 are
attached to the Balance Sheet pursuant to section 212 of the Companies Act, 1956.
- As per the requirements of section 217(1)(e) of the Companies Act, 1956 read
with the Companies (Disclosure of Particulars in the Report of Board of Directors)
Rules, 1988, the information regarding conservation of energy, technology
absorption and foreign exchange earnings and outgo are given in annexure I to this
report.
1997
- TVS-Suzuki plans to set up an auto ancillary estate through joint venture with
some of its existing components suppliers. The proposed project is to come up at a
new 57 - acre site near TVS-Suzuki's existing plant at Hosur.
- Leading two-wheeler manufacturer in the country, TVS Suzuki, will soon set up a
new 2.5 lakh capacity scooter plant in Mysore.
- TVS-Suzuki (TSL) - a joint venture between the TVS group and Suzuki Motor
Corporation, Japan - was the first company to launch a 100-cc motorcycle in the
Indian market.
- Credit Analysis & Research Ltd (Care) has assigned the credit rating of CARE
AA+ (double A plus) to the proposed non-convertible debenture issue of Rs.100
crore by TVS-Suzuki Ltd (TSL).
- TVS Suzuki is a joint venture between Saundaram Clayton Ltd. of the TVS group
and Suzuki Motor Corporation, Japan.
- The company proposes to introduce kick start facility.
- TVS Suzuki Ltd (TSL), the second largest two-wheeler manufacturer in the
country, will be restructuring its entire vendor-base in the next five years with the
objective of creating robust vendors to meet its future expansion plans.
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- TVS Suzuki Limited is officially launching its new moped model, the XL Super.
- The Rs. 100 crores non-convertible debentures of TVS-Suzuki Limited rating of
AA + (high safety with higher standing) has been retained by CARE.
1998
- TVS Suzuki Ltd, one of the leading two-wheeler manufacturers in the country,
has crossed the Rs.1,000-crore turnover mark in 1997-98.
- TVS will be the first company in the country to introduce the 4 stroke scooter in
the Indian market.
- TVS' new-generation state-of-the-art four-stroke scooter Spectra, of which we
gave you an exclusive preview last month, was launched in spectacular fashion at
the TVS Millennium Show on October 1 in New Delhi.
- TVS Suzuki Ltd on October 1 launched its new generation 4-stroke scooter `TVS
Spectra' in Delhi.
1999
- TVS Suzuki is all set to launch a scaled-down version of Spectra -- the recently
launched four-stroke scooter.
- The company is set to launch Spectra on a nation-wide basis in April.
- Suzuki has indicated to the TVS group that if it did not agree to the Japanese
company's acquiring a majority stake, it should allow Suzuki to set up a 100 per
cent subsidiary.
2000
- The Company, pioneers of Indo-Japanese motorcycles in the country, has
launched its latest offering, Suzuki Fiero, in the Kerala market.
- The Tamil Nadu based TVS-Suzuki has launched the 150 CC four-stroke
powerhouse Suzuki Fiero in Tamil Nadu, close on the heels of its launch in
Rajasthan, Karnataka and Kerala.
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- Two-Wheeler major, TVS-Suzuki Limited is set to create a special cell to tap the
institutional segment.
- The Company proposes to relaunch its four-stroke scooter, Spectra, in July.
- Two-wheeler major TVS Suzuki is all set to cross the magic one million markdurisng the current fiscal with 12 new models lined up over the next 18 months.
- Motocycle giant, TVS Suzuki, has forged an alliance with Brand Dotcom to
leverage the latter's online expertise brand building on the Net.
- TVS-Suzuki Ltd on August 30th, formally launched its indigenously developed
4-stroke motorcycle, TVS Victor, here. The price has been fixed at Rs 41,187, (ex-
showroom, Chennai).
- The TVS group and Suzuki Motor Corporation September 27 parted ways from
their 15-year-old joint venture with the former buying out the 25.97 per cent stake
of the Japanese company for Rs 9 crore.
2002
- TVS Motor Company Ltd has informed that the Board declared an interim
dividend of Rs 9.00 per share on 2,31,00,070 equity shares of Rs 10/- each fully
paid up, aggregating to Rs 231.00 million.
2003
-TVS Motor Company has recorded a market share of 35% from motor cycles
division
-K.S.Bajpai has been appointed as an Additional Director on the Board.
-TVS, Bajaj Auto and Yamaha have grabbed the market share from the country's
largest motor cycle maker Hero Honda.
-The TVS victor sales has crossed 4 lakh unit mark in less than 18 months of its
launch.
-TVS Motor has recorded a 31% growth in its sales.
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-C V R Panikar has been appointed as Additional Director on the Board of TVS
Motor Company Ltd.
-TVS Motor Company has reintroduced Fiero, inorder to compete with Bajaj
Pulsar.-TVS Motor Company Ltd has introduced its own racing bikes which Team TVS
will test on the tracks in Asian Circuit.
-TVS Motor launched 4 new mobikes including a new brand 100-cc mobike called
the Centra.
-TVS Motor Chairman and MD Venu Srinivasan has been selected in Business
Week's Stars of Asia which covers the top 25 achievers in the continent.
-TVS Motor Company adds two new models in two-wheeler segment.
-TVS Motor ties up with State Bank of India for scooter and Motorcycle financing.
-Launches Fiero F2 and Scooty Pep models
-Board of approves the merger of engine components division of its subsidiary,
Lakshmi Auto Components (LAC) with TVS Motors effective from April 2, 2003
2004
-TVS Motor , on Jan 5 launched Centra, a 100 cc four-stroke motor cycle, with
variable timing intelligent (VTI) engines, claiming to give more mileage to
consumers. The Centra has bundled price, style, power along with fuel efficiency
making it a fill-once-a-month bike, and it's priced at Rs.36,990. nearly Rs 100
crore investment had gone into the launch of 'Centra', including R&D, plant and
machinery.
-TVS Motor Company Unveil TVS Centra With ' VT-i Engines',, a 100 CC 4
stroke motorcycle
-TVS Motor Company launched its new bike - TVS Centra - here on February 9,
2004, for the first time in the State. It is a 100-cc four-stroke motorcycle targeted at
the popular segment and a Fill-it-once-a-month bike, competitively priced at Rs.
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36,990. The vehicle has been launched in January in the metros and other cities
and so far 8,000 vehicles had been sold in the country.
-TVS Motor Company and Union Bank of India (UBI) have announced the launch
of `Union Miles Scheme,' an exclusive two-wheeler finance scheme- TVS Motor Company (TVS) launches new 125cc, 4-stroke Victor GLX
motorcycle in Chennai on May 02, 2004
-TVS Vice President resigns
-TVS Motors forges alliance with Andhra Bank
-Canara Bank, TVS Motor rolls out TVS Canmobile
-TVS picks up Asian Network for Quality award
-TVS unveils new version of 'Victor GX'
2005
-TVS Motor Company introduced its entry-level 4-stroke motorcycle - TVS Star -
in the Kerala market
-TVS rolls out Star bike in Andhra Pradesh
-TVS Motor Company launches TVS Centra VT-i, a variant of its four-stroke
100cc model TVS Centra on May 6
-TVS Motor rolls out two motorcycle variants named Victor EDGE, StaR City and
Scooty Pep plus
2006
-TVS Motor appoints new President
-TVS launches Apache in Vizag
-TVS Motor Company launched a new version of 125 cc Victor GLX with an
electric start option
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2007
-TVS Motor Co, has rolled out seven new vehicles, including its first three-wheeler
and a new 125 cc bike, aimed at gaining lost share in a highly competitive market.
2009
- TVS Motor Company launched Scooty Streak, which is its latest scooterette
targeted at girls of 16 to 20 age group.
- Tvs Motor Company Limited has appointed Mr Prince Asirvatham as an
additional and independent director of the board of directors of the company
effective April 21, 2009.
- TVS Motor Company entered the 110 cc segment by unveiling 2 brand new
products, an auto-clutch motorcycle and an automatic scooter.
2010
- TVS Motor Company has launched India's first auto-clutch motorcycle- TVS
Jive, in Chandigarh.
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HUMAN RESOURCE DEPARTMENT
In the TVS Motors Ltd, this department is managed by the deputy personnel
manager and personnel assistant reporting to him. Security officer reporting to the
personnel manager.
Various functions of this department is as fallow:
1. Payroll2. Time and attendance3. Appraisal performance4. Benefits administration5. HR management information system6. Recruiting/Learning management7. Performance record8. Employee self-service9. Scheduling10.Absence management
The Payroll Module automates the pay process by gathering data on employee
time and attendance, calculating various deductions and taxes, and generating
periodic pay cheques and employee tax reports. Data is generally fed from the
human resources and time keeping modules to calculate automatic deposit andmanual cheque writing capabilities. This module can encompass all employee-
related transactions as well as integrate with existing financial management
systems.
The time and attendance module gathers standardized time and work related
efforts. The most advanced modules provide broad flexibility in data collection
methods, labor distribution capabilities and data analysis features. Cost analysis
and efficiency metrics are the primary functions.
The benefits administration module provides a system for organizations to
administer and track employee participation in benefits programs. These typically
encompass insurance, compensation, profit sharing and retirement.
The HR management module is a component covering many other HR aspects
from application to retirement. The system records basic demographic and address
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data, selection, training and development, capabilities and skills management,
compensation planning records and other related activities. Leading edge systems
provide the ability to "read" applications and enter relevant data to applicable
database fields, notify employers and provide position management and position
control. Human resource management function involves the recruitment,placement, evaluation, compensation and development of the employees of an
organization. Initially, businesses used computer based information systems to:
produce pay checks and payroll reports;
maintain personnel records;
pursue talent management.
Online recruiting has become one of the primary methods employed by HRdepartments to garner potential candidates for available positions within an
organization. Talent management systems typically encompass:
analyzing personnel usage within an organization;
identifying potential applicants;
recruiting through company-facing listings;
recruiting through online recruiting sites or publications that market to bothrecruiters and applicants.
The significant cost incurred in maintaining an organized recruitment effort, cross-
posting within and across general or industry-specific job boards and maintaining a
competitive exposure of availabilities has given rise to the development of a
dedicated applicant tracking system, or 'ATS', module.
The Training Module provides a system for organizations to administer and track
employee training and development efforts. The system, normally called a"learning management system" (LMS) if a stand alone product, allows HR to track
education, qualifications and skills of the employees, as well as outlining what
training courses, books, CDs, web based learning or materials are available to
develop which skills. Courses can then be offered in date specific sessions, with
delegates and training resources being mapped and managed within the same
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system. Sophisticated LMS allow managers to approve training, budgets and
calendars alongside performance management and appraisal metrics.
The Employee Self-Service Module allows employees to query HR related data
and perform some HR transactions over the system. Employees may query theirattendance record from the system without asking the information from HR
personnel. The module also lets supervisors approve O.T. requests from their
subordinates through the system without overloading the task on HR department.
Many organizations have gone beyond the traditional functions and developed
human resource management information systems, which support recruitment,
selection, hiring, job placement, performance appraisals, employee benefit
analysis, health, safety and security, while others integrate an outsourced applicant
tracking system that encompasses a subset of the above.
Assigning Responsibilities Communication between the Employees.
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FINANCE DEPARTMENT
Profit is the main objective of any business. TVS Motors ltd has very active
Finance Department. Finance Department is very important to know the amount ofprofit earned or the amount of loss suffered during specified period of time.
BOOKS MAINTAINED BY THE DEPARTMENT
As per the accounting rules, TVS Motors maintains all the records in proper
accounts books.
BOOKS MAINTAINED ARE:-
1. General ledger
2. Cash & Bank book
3. Journal voucher
4. Purchase book
5. Sales book
6. Loan to staff ledger
7. Suppliers ledger
REGISTERS
1. Purchase order register
2. Sales
3. Traveling expenses register
4. DD purchase register
5. T.D.S. summery register
6. Cheque issue register
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VOUCHERS
1. Material purchase voucher
2. Capital purchase voucher
3. Expenses purchase voucher
4. Bank payment voucher
5. Cash payment voucher
6. Closing stock voucher
7. Traveling expenses statement
All these vouchers are entered in to various sub-ledgers: -
In General Ledger, there are 3 types: sub-ledger, regular, outstanding
ledger. Mainly sales and sales debit note, sales credit note, purchase credit note,
Cheque receipt voucher, and journal voucher all the types of entries are taken as
there is monthly closing company makes and prepare General ledger and Main
ledger.
All the entries are posted in accounts and ledger, which prepared Balance Sheet as
it has its own computerized accounting system.
OBJECTIVES:
1. To record the day-to-day financial position of the business.
2. To maintain accounts systematically as per the company Act.
3. To know the amount profit earned or loss suffered during a particular
Accounting period.
4. To know the amount of Assets and Liabilities in the business on any
particular Date.
5. To review the progress of the companys business from year to year.
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FUNCTIONS:
1. Ensuring a fair return to share holder.
2. Building up reserves for growth and expansions.
3. Ensuring financial discipline in organization.
4. Ensuring maximum operational efficiency by efficient and effective
utilization of financial funds.
5. Dealing with banks for working capital.
6. Maintenance of all banks accounts and their reconciliation.
7. Deposit of Cheque received and their release to department.
8. Reduction of tax-deduction at sources from party payments.
9. Advance payments of parties.
10. Retirements of documents received through banks.
11. Preparation of pay roll.
12. Disbursement of wages.13. Cash handling.
14. Fund management and preparation and monthly cash forecast.
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PURCHASE DEPARTMENT
The Purchase department is important department in this company. The
material manager and the two assistants reporting to him manage this department.
The main function of the purchasing department is firstly register suppliers
and secondly placing the purchase order.
Registration of suppliers:-
The suppliers are sent the registration form The respective buyers are identified Scrutinize the information provided by the supplier Arrange for a visit by concerned personnel if necessary Include the name of approved suppliers in the list of Suppliers.
Functions of purchase dept.:-
Maintains relationship between co. and vendor It works on vendor evaluation Helps in finalization of price of products and cost reduction Supports to custom clearance Helps in rates amendment process Executives of the dept. go for vendor visit, prepare contract letters with its
vendors.
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SALES & MARKETING DEPARTMENT
Sales and marketing is last department. That is directly concerned with
product supplies to the customer in time the sale manager including dispatch
officer manages this department
Supply in packed position that is stored in cold storeroom. No one is allowed to
pick up supply any single assembly without permission of the department manager.
PROCEDURE FOR ORDERS
1. Marketing receive schedule and makes plan considering the manufacturingcapacity.
2. Once plan is finalized, marketing department forwards the plan planningdepartment for material / production.
3. When planning completes production planning has to inform marketingdepartment for dispatch plan.
4. marketing department makes dispatch plan and after invoicing the materialleft the factory
5. Follow up with customer for payment and placing new orders. Alosmarketing department has to take care and solve the customers problems
because customer is our god.
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The company policy customers are divided in to four categories these are
follow
a) Original Equipment:The company supplier its bike are directly to the distributor & Dealer.Ex. Mahesh Auto Aurangabad, Dhanashri Auto etc.
b)Spare Part Division:These customers are also called as authorized dealers as per the company is
concern.
c) Distributors:This type of customers is called whole sellers. Distributes/ sells. The
company product to the small shops/ auto mobiles holders.
d)Export:The concern with foreign countries. For these customers the product material
is better quality. These are including the customers in USA, England, and
Japan etc.
Types of transportation in this company
By Road By Rail By Sea By Air
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PRODUCTION DEPARTMENT
The TVS production system was implemented in a phased manner throughout
TVSs manufacturing plants in the year 1982. It is based on the two wheeler
production system. Its goals are as Follows:Cost reduction and greater profits
To satisfy customer needs and exceed customer expectations
To deliver a reliable and durable product
To make the continuous improvements
Benefit the individual and the company
To induce higher moral in the working staff
To above goals are achieved by using:
An effective business plan
Team work
Problem solving
Workplace organization
Standard Inspection
Work standardization
Material supply system
TPM (Total Productive management)
AVP (Attendance improvement program)
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The above mentioned characteristics are explained briefly below:
An effective business plan: The effective business plan is necessary for any
organization. It involves study of the consumer market which helps determining
the product to be introduced and targeting sale volumes. TVS follows the pushsystem of production wherein the production department manufactures cars and
hands them over to the marketing department for sale. The consumer preference
and market trends act as feedback.
Team work and problem solving: Teamwork is the most important part of the
system. Teamwork is basically working in a co-operative and coordinated manner
to achieve the set targets. The goals of the teamwork include:
Improving quality and productivity Controlling absenteeism Motivation of employees Implementing self discipline
At TVS 5-6 operators are headed by a group leader who reports directly to the
production manger. Problem solving must be at the earliest and on a long term
basis. At TVS, meetings are held regularly between all managers, group leaders
and worker to discuss problems on their severity. Problem solving ultimately leads
to a faster rate of production and minimizes situation errors and defects.
Workplace Organization: The task of workplace organization includes
improvements of production proves, optimal usage of all machines and
equipments, proper placement of tools and parts to reduce the idle time of operator,
construction flow process etc.
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Standard inspection: A constant check on equality of the product is a necessity of
any organization. At TVS, quality and audit personnel scrutinize all aspects of the
car and production process in general. Irregularities are detected and corrective
measures take.
Material supply system: An effective material supply system is a must in the
automobile industry where daily targets have to be met. A failure to supply
particular parts can lead to the stalling of the entire production line resulting in
huge losses for the company. TVS India uses the Kanban system to supply the line
with the material. In this system, each part has its own Kanban card which
contains parts details. Once consumed, the operator places the parts card in a
specific folder. The logistics personnel then pick up the card and supply the
required part. The card also helps in determining exactly how many parts have
been used up or whether one or more parts have been misplaced.
TPM: TPM or total productive management has the following objectives:
Zero breakdowns: uptime maintained User friendly machine: Less time wasted in finding the problem Develop my own machine concept
These objectives are achieved through:
Operator training Regular cleaning of machine before startup and shut down Maintenance activity scheduleAt TVS India, a Maintenance schedule is allotted for all the equipment used. A
maintenance department is dedicated to ensure the proper functioning of all the
tools equipment.
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VARIOUS MODEL OF PRODUCE
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TVS Flame
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TVS Scooty
Pep
TVS Wego
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RESEARCH AND DEVELOPMENT DEPARTMENT
This fast changing and developing world every organization has immense
requirement of having R&D department. In todays out throat competition
product innovation is very necessary Innovation is a new idea applied toimproving the existing product line, process and services. Innovative
organization encourage experimentation reward both success and failure and
celebrate mistakes. Management needs to make explicit its commitment to
change, innovation and continuous improvement.
Research is concerned with the systematic gathering of the information. Its
purpose is to help us in our research for the truth. Research help in to find out
the needs of the customer & their expectation from the product. This
information is used to make consumers more delighted by providing them witha good & services in very unique and distinctive way. It makes the organization
to achieve consumer satisfaction which is the basic aim underlying every
organization.
TVS Motors Ltd. Has very good R & D department which has made them to
stand up in the world wide market and to maintain variation in thie product
range.
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STORE DEPARTMENT
In TVS Motors the store manager manages the stores department. With the
help of stores superintendent. The superintendent looks offer the dispatch
section and the storekeeper reporting to the stores superintendent managesphysical storage of materials.
The store keeping function is the most vital function of the material
management. The primary objective of the stores function is to provide the most
efficient store keeping service at minimum cost.
The main facts of the stores keeping services are receiving, recording,
storing, purchasing, issuing, replacing, and controlling the materials, Store
keeping is concerned with physical storage of good.
Head of the
Stores Excise Clerk Excise (BSR)
Dispatch Dispatch
Inward Clear CardexClerk
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In the storeroom, the inventories like raw material work in process finished
goods etc. The spares and scrapes parts are stored. It should be noted that storing is
the service function. This cost heavily to the organization. The principle objective
of the stores function is to provide that service more economically and efficiently.
The fundamental consideration providing this service economically is to maintainthe value of the store in the stock at the inventory available at all times. However
such action will fail to keep the value of the stock items at lowest possible level
conversely. If less inventors are stocked such action will keep the stocked items at
low but it may equally create the chances of stock outs.
TYPE OF INVENTORY
Raw material Working progress finished good Consumable store components Finished goods Consumable store components Spares Ready made Scraps
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MAINTENANCE DEPARTMENT
Maintenance supervisors and other workers manage maintenance
department. The main function of this department is maintenance of factory
building plant material handling and other equipment. Likes, beat, light, powercompressed air and other services.
This department to see the all machines are properly maintained lubricated
and serviced and used properly this department maintains a record of lubrication
done to machine and daily service.
This is arranging for all repair work for any machine. It makes proper
estimates for cost and renewals and necessary. These reports are made production
engineers for any repair and replacement. There reports records for all instruction
and infection and required. This department takes in detecting and removing any
possible break down and troubles in machine inspection. Adequate supply is also
maintains for suitable material, stores, tools, and spares parts necessary for prompt
execution of requires.
After all problems related to power supply from MSEB and water supply
from concerned authority. This department keeps fire protection apparatus in good
condition ready to use.
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QUALITY CONTROL DEPARTMENT
In this department the final product and to developed customers confidence
series out in the plant. These include inspection and monitoring the quality of
incoming material to carry out inspection function in press shop. Machine shoptreatment and assembly shop for assuring process monitoring final stage.
Quality control department as important role in manufacturing process. The
various function performed by this department
Inspection by performance testing and by visual checking of each product
Calibration of measuring instrument, gauge and testing equipment.
Metallurgical testing
Warranty investigation and analysis
Life testing of product.
For carry out reliable in section different measuring instrument and test
equipment are used of the typical instrument included.
1. Coordinate measuring machine.2. Torsion testing.3. Universal testing machine.4. Micro harness tester.5. SPM for over assembly performance testing.6. Endurance testing etc7. Comparators.
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QUALITY ASSURANCE
Apart from cutting edge technology in inspection, testing and validation
facility. AEL practices quality in each process of product realization. Before
initiation of product development, through study goes in to understanding the andinspection planning. The knowledge of parameters critical to product and
inspection planning. The knowledge of parameters critical to product and begins.
Members are assigned with the ownership of product and process with plans for
multi skilling.
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SWOT ANALYSIS
Strength Effective innovative skills. Aggressive marketing. Customer satisfaction is prime goal. Experience and skill full personnel
Weakness Comparatively slow to develop technological innovation than its
close competitors.
Opportunities Diversify into related products. Great opportunity is available in global market.
Threats Low price competition Changing buyer needs. Grey imports Counterfeit product supplies.
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SUGGESTIONS
To implement multi-skill index for employees & to conduct assessmentdevelopment centers.
Company should have to adopt new technologies those are introduced in therecent era of manufacturing. Company should have to price of products should be similar or less as
compare to the competitors product & Should increase profit margin.
Bench marketing is done as per National market it should be done globalmarket.
To have marketing or customer care units on regional level in spite of havingat state level.
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LIMITATIONS OF THE STUDY
During my implant training period with TVS Motors ltd 1 face the following
problems such as.
Lack of corporation such as. Misunderstanding between the student and the members of the company Tie consuming Restrictions of the company policy Area limitation like selected company.
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CONCLUSION
For a MBA student a learning combination of theory and practice is any
invaluable asst, as this helps in understanding the core principles of business by
way of first had experiences. This in plant training is a stepping-stone, which willgroom me for my future in the corporate world.
In plant Training helped me to understand all the function, which is going in
the company. This training also helped me to understand the managerial skills,
which with training center for it employees.
It gave the ideas about the exact work done by the Managers and also about the
vocation they do in contemporary.
Thus, in plant training gave me a practical touch and useful to clear outpractical concept and gave a right direction to my mind.
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BIBLIOGRAPHY
Web Reference:
www.tvsmotors.comwww.indianautomobil.comwww.tvsmotorindia.com
Book Reference
Industrial ManagementBy O.P. KhannaBusiness Overview Module- TVS MotorsBroachers and magazines of TVS Motors
http://www.indianautomobil.com/http://www.tvsmotorindia.com/http://www.tvsmotorindia.com/http://www.indianautomobil.com/
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