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

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. Project guide

Prof. HOD

Dr. Ulhas Shiurkar Director

Acknowledgement

I, ..............hereby thank my project guide, Prof. .. for guiding and encouraging me to complete the Summer Training Project.

I also thank Prof. . (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

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 : Date:

Mr. .

Certificate
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. Ltd and 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. Project guide

Prof. HOD

Dr. Ulhas Shiurkar Director

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.

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.

SALIENT BENEFITS OF IN PLANT TRAINING & PROJECT WORK

It acts as a bridge between academic institutions and industrial organizations for students who will be pursuing their professional careers. Students are exposed to practical work which helps them building confidence level and provide job opportunities. Project work & report remains an evidence of practical ability of ones 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.

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.

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 bus service 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 period during which Suzuki promised not to enter the Indian market with competing twowheelers. 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.

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 credited with 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 bodybalance 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. Their subsidiaries 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 the manufacture 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.

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 entity was 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 Motor Company 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.

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 Indonesia has 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, the company commenced commercial production from its Nalagarh Plant located in Himachal Pradesh. They commenced their commercial production from their stateof-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-

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 TVS Apache 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 of Data 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.

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 core competence 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

process adopted. TVS Motor - The Human Factor TVS Motor believes that people make an organization and that its well-being is dependent 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.

BOARD OF DIRECTORS

Venu Srinivasan Chairman & Managing Director H. Lakshmanan Director T. Kannan Director C.R. Dua Director K.S. Bajpai Director R. Ramakrishnan Director Prince Asirvatham Director Senior Management Harne Vinay Chandrakant President NPI S.G. Murali Executive Vice President Finance Company Secretary K.S. Srinivasan

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 knowhow, 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.

- 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.

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.

- 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.

- 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 mark durisng 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, (exshowroom, 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.

-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.

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

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.

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. Payroll 2. Time and attendance 3. Appraisal performance 4. Benefits administration 5. HR management information system 6. Recruiting/Learning management 7. Performance record 8. Employee self-service 9. Scheduling 10.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 and manual cheque writing capabilities. This module can encompass all employeerelated 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

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 HR departments 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 both recruiters and applicants. The significant cost incurred in maintaining an organized recruitment effort, crossposting 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

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 their attendance 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.

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 of profit 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. 2. 3. 4. 5. 6. 7. General ledger Cash & Bank book Journal voucher Purchase book Sales book Loan to staff ledger Suppliers ledger

REGISTERS 1. 2. 3. 4. 5. 6. Purchase order register Sales Traveling expenses register DD purchase register T.D.S. summery register Cheque issue register

VOUCHERS 1. 2. 3. 4. 5. 6. 7. Material purchase voucher Capital purchase voucher Expenses purchase voucher Bank payment voucher Cash payment voucher Closing stock voucher 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. 2. 3. To record the day-to-day financial position of the business. To maintain accounts systematically as per the company Act. 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.

FUNCTIONS: 1. 2. 3. 4. Ensuring a fair return to share holder. Building up reserves for growth and expansions. Ensuring financial discipline in organization. Ensuring maximum operational efficiency by efficient and effective utilization of financial funds. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. Dealing with banks for working capital. Maintenance of all banks accounts and their reconciliation. Deposit of Cheque received and their release to department. Reduction of tax-deduction at sources from party payments. Advance payments of parties. Retirements of documents received through banks. Preparation of pay roll. Disbursement of wages. Cash handling. Fund management and preparation and monthly cash forecast.

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.

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 manufacturing capacity.

2. Once plan is finalized, marketing department forwards the plan planning department for material / production.

3. When planning completes production planning has to inform marketing department for dispatch plan.

4. marketing department makes dispatch plan and after invoicing the material left the factory 5. Follow up with customer for payment and placing new orders. Alos marketing department has to take care and solve the customers problems because customer is our god.

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

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)

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 push system 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.

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 schedule At 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.

VARIOUS MODEL OF PRODUCE

TVS Flame

TVS Scooty Pep

TVS Wego

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 to improving 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 with a 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.

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 manages physical storage of materials.

Head of the Store Department Stores Superintende nt Dispatch Clear

Inward Clear

Excise Clerk

Excise (BSR) Assistant

Dispatch Assistant
Cardex Clerk

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.

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 maintain the 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

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, power compressed 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.

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 shop treatment 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. 2. 3. 4. 5. 6. 7. Coordinate measuring machine. Torsion testing. Universal testing machine. Micro harness tester. SPM for over assembly performance testing. Endurance testing etc Comparators.

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 and inspection 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.

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.

SUGGESTIONS
To implement multi-skill index for employees & to conduct assessment development centers. Company should have to adopt new technologies those are introduced in the recent 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 global market. To have marketing or customer care units on regional level in spite of having at state level.

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.

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 will groom 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 out practical concept and gave a right direction to my mind.

BIBLIOGRAPHY
Web Reference: www.tvsmotors.com www.indianautomobil.com www.tvsmotorindia.com Book Reference Industrial Management By O.P. Khanna Business Overview Module- TVS Motors Broachers and magazines of TVS Motors