TVS Motor Company is the third largest two-wheeler manufacturer in India, generating annual revenue of Rs. 11,516 Cr in 2015-16. It is part of the larger Rs. 40,000 Cr TVS Group conglomerate. TVS Motor Company sells over 2.5 million vehicles annually and has a production capacity of over 3 million, exporting vehicles to over 60 countries making it the second largest exporter from India. The company was founded by TV Sundaram Iyengar in 1911 and began as a transportation business before establishing motorcycle production in 1978 through its Sundaram Clayton subsidiary, launching India's first moped TVS 50 in 1980.