TVS Motor Company signs MOU with TN Government for investment of 350 Crore
As part of the Global Investors Meet, organized by the Government of
Tamilnadu in Chennai, TVS Motor Company has signed a MOU with the Government of Tamilnadu.
Under the MOU, TVS Motor Company will invest Rs. 350 crores in its existing two-wheeler and threewheeler
plants in Hosur during the next three years. The investment will be mainly for development
of new products and for capacity expansion. This investment reflects TVS Motor Company’s continued
commitment towards the overall economic development of the State as a responsible corporate
The signing of this MOU is in line with TVS Motor Company's firm belief in the potential of the State in
terms of human resources, infrastructure and overall business environment. It will also have a
significant beneficial effect on small and medium industries which are directly or indirectly associated
with TVS Motor Company in Tamilnadu.