TVS Motor Singapore Invests $3.2 Million in AI, Predictive Maintenance Analytics
Leading bike-maker, TVS Motor Company Limited is turning the game on its head with IoT, AI, and Predictive Maintenance Analytics. In a recent update, its Singapore-based subsidiary TVS Motor (Singapore) Pte. Limited announced investing $3.2 million in Predictronics Corporation. Predictronics Corporation is a US corporation, headquartered in Cincinnati, Ohio. TVS Motor would look to grow the product roadmap for end-to-end predictive maintenance analytics solutions.
At the time of this announcement, Edzel Lapira, Co-Founder & CEO of Predictronics added –
“We believe TVS Motor Company is an ideal strategic investor and partner for Predictronics with the forward-looking vision, dedication, and clear business case for harnessing the power of advanced analytics technologies. Such investors are rare but also key for a company like Predictronics to guide, improve, and validate our technology, deployment strategy, business model, and go-to market. Having this relationship with a visionary company like TVS Motor Company, I believe, will truly take our company to a whole new level, while also addressing TVS Motor Company’s business goals.”
What Predictronics Corporation Does?
Predictronics Corporation improves customers operations by —
- reducing costs,
- preventing downtime,
- eliminating waste, and
- ensuring quality
Predictronics’ solutions are delivered by a team of experts that combine industrial domain knowledge with extensive experience in designing, developing, deploying and integrating predictive analysis and monitoring software.
These technologies help to remove the uncertainty from industrial operations and improve process uptime, production planning, maintenance, and product quality. Predictronics Corporation is using these emerging technologies to gather actionable information and accurate predictions to empower clients with a transparent, worry-free business.
Their claim to fame is that “We know what happens next, and so can you.”
Rajesh Narasimhan, Board Member of TVS Motor Company and CEO of TVS Motor (Singapore), said —
“We evaluated many companies globally providing Predictive Maintenance solutions and found Predictronics’ product offerings and solutions to be a clear differentiator. Their PDX platform collects and analyses big data with a goal of reducing unplanned downtime, increasing productivity and improving product quality. We are hence happy to invest in and strategically partner with Predictronics as they continue to deliver business improvements for Fortune 500 companies while leveraging them for our businesses.”
Currently, TVS Motor Company is a public listed company, headquartered in India. It is a highly-reputed two and three-wheeler manufacturer, and the flagship company of the USD 8.5 billion TVS Group. Rooted in the 100-year legacy of Trust, Value, Passion for Customers and Exactness, it takes pride in making internationally aspirational products of the highest quality through innovative and sustainable processes. TVS Motor Company is also the only two-wheeler company to have received the prestigious Deming Prize. It is the third-largest two-wheeler manufacturer in India and ranks in the top 10 globally. The company has an excellent track record with innovation and quality and is the market leader in customer service.
Predictronics has been recognized recently by the Manufacturing Leadership Council with a Technology Partner Award for its work with an automotive supplier customer in the area of Artificial Intelligence and analytics.