chennai the elevation of sudarshan venu and his sister lakshmi venu children of tvs motor chairman emeritus venu srinivasan to the corner rooms in tvs motor and sundaram clayton scl respectively will see the two automotive companies actively diversify geographies and consolidate footprint in newage businesses according to analysts and business consultants the two siblings who have had a long initiation process in their respective companies will bring in new technology and business diversification but without diluting the essential culture of the groupthe two companies will grow under the new leadership because of the new technology and new ideas which they bring to the table without tinkering with the existing culture that becomes obvious from the fact that tvs reached the second rs 10000 crore turnover in much shorter period than it did the first rs 10000 crore said group captain vijaykumar executive director madras management association advt auto analysts say diversified product offerings aggressive capital deployment into newage electric mobility and a strong premium two wheeler portfolio are all big pluses for tvs and sudarshans imprint on the company is already clearly visible on this count with his focus on emobility and aggressive expansion into european markets through partnerships bmw or ma norton swiss emobility group and ego movement as well as building capability in india tvs is wellpoised for the ev disruption in the two wheeler marketplace similarly lakshmi venus decision to set up a foundry in the us in 2019 in dorchester south carolina helped scl cater to usbased customers that were looking for onshore foundry units to reduce supply chain risks and curtail carbon footprint scls quality and profitability turnaround is thanks to lakshmi venubusiness observers who have tracked both tvs and sundaram clayton over the years say venu srinivasans children will have an easier entry into the top job than he did himself for one with the family restructuring complete the companies have freedom to chart their own course independently the companies themselves are also on a firm footing when he took over srinivasan had to handle labour unrest plant closure red ink on the books technology issues with partner suzuki among others problems from manufacturing processes to quality to technology venu srinivasan had to turn tvs around by facing those challenges head on but the companies that sudarshan and lakshmi are inheriting do not have most of those issues said a senior industry expert who has long tracked the tvs group advt by nandini sen gupta tnn published on may 10 2022 at 0751 am ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest