TVS succession dispute reportedly hinges on whether a 2024 pact divided family assets

The Economic Times reports Lakshmi Venu manages Sundaram Clayton and Sudarshan Venu leads TVS Motor, but their family is divided over whether a March 2024 agreement also settled ownership. People close to Venu Srinivasan and Sudarshan say it divided assets; sources close to Mallika Srinivasan and Lakshmi say it covered brand use and non-compete terms instead. ET says lawyers have been briefed for a potential legal battle. The family members declined comment.