TVS Motor Company has signed a Memorandum of Understanding with the government of Karnataka to invest Rs 2,000 crore in the state over the next five years as it plans to set up a global capability center and expand production and engineering capabilities.
Apart from global capability center and production expansion plans, the automaker’s plans include building a test track and a new company office infrastructure in the state.
“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,” Managing Director Sudarshan Venu said at the Invest Karnataka 2025 event on Tuesday.
“We envision a capability center that will draw top talent and great ideas, and have research capability to be the birthplace of next-gen bikes. The office and allied infrastructure will bring together engineers, designers, innovators, AI and ML experts, who will define what is next! Karnataka is a place where great ideas take off and we are excited to expand our footprint in the state.”
The company has three manufacturing facilities in India – Hosur (Tamil Nadu) and Mysuru (Karnataka) and Nalagarh (Himachal Pradesh). The Mysuru plant is the largest with an annual production capacity of 1.5 million vehicles, catering to both domestic and export markets.
TVS Motor noted that the Mysuru facility generated Rs 7,600 crore in revenue, of which Rs 1,200 crore comes from exports. The automaker plans to double both the export and total revenue from the Mysuru plant.
Recently, Gaurav Gupta joined TVS Motor its president of India operations after stepping down from JSW MG Motor India. The company clocked Rs 31,925 crore in revenue during the financial year 2024, and the revenue during the first nine months of the current financial year was Rs 32,843 crore. TO BE UPDATED