Chennai: Sundaram Clayton, the holding company of TVS Motor Ltd, said on Thursday that it has redesignated Lakshmi Venu as joint managing director from present director, strategy, and appointed her younger brother Sudarshan Venu as joint managing director, both children of Venu Srinivasan, chairman and managing director of the company.

Both of them will be functioning under the advice and guidance of Venu Srinivasan. The appointment is effective immediately.

On Wednesday the Chennai-based company appointed Sudarshan Venu as joint managing director and Lakshmi Venu as non-executive director of the fourth largest two-wheeler maker in the country.

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