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TVS Motor to invest Rs 2,000-cr for expansion, GCC

Wednesday, 12 Feb 2025
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TVS Motor Company has announced a Rs 2,000 crore investment in Karnataka over the next five years. The move aims to bolster its infrastructure and expand its capabilities in the state.

The announcement was made during the Global Investors Meet (GIM) 2025 in Bengaluru, where TVS signed a memorandum of understanding (MoU) with the Karnataka government. The investment will be focused on establishing a global capability centre, expanding production and engineering facilities in Mysuru, building a test track, and developing new office infrastructure.

According to Managing Director Sudarshan Venu, the capability centre will bring together top talent in engineering, design, AI, and machine learning to drive innovation in mobility. TVS Motor, the world’s fourth-largest two-wheeler manufacturer, currently operates a modern facility in Mysuru with a production capacity of 1.5 million vehicles per year. Employing over 3,500 people, the Mysuru plant generates Rs 7,600 crore in annual revenue, with exports contributing Rs 1,200 crore.

The company’s new investment is expected to double export and overall revenues from the Mysuru operations. TVS also runs two additional manufacturing facilities—one in Hosur, Karnataka, and another in Nalagarh, Himachal Pradesh.

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