TVS Motor Company has reinforced its commitment to engineering and innovation development by investing Rs 2,000 crore in Karnataka over the past five years. The company's funding falls under its plan for engineering, developing research, and manufacturing hubs in the state.
As part of its collaboration with the Government of Karnataka, TVS will establish a Global Capability Centre in Mysuru, construct a world-class test track, and establish new corporate office space. The company will hire the best available talent and establish a research ecosystem that will define the future of two-wheeler mobility.
"We envision a capability centre that will draw top talent and great ideas, and have research capability to be the birthplace of next-gen bikes," said Sudarshan Venu, Managing Director, TVS Motor Company, at the Global Investors Meet (GIM), Invest Karnataka 2025.
The Mysuru facility, with over 3,500 workers and 1.5 million units annually produced, is TVS's home and export hub. The facility already contributes Rs 1,200 crore of export sales, a very large share of TVS' Rs 7,600 crore total sales. TVS expects to double exports and overall revenues through the new investments.
"As we make progress towards our 2030 goals, the plan that we have outlined today will help deliver impactful solutions in personal and commercial mobility, setting new benchmarks," Venu added.
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