TVS Motor plans expansion at Hosur plant with Rs 350 cr investment

TVS Motor Company will invest Rs 350 crores in its existing two-wheeler and three-wheeler plants in Hosur (Tamil Nadu) during the next three years. TVS Motor Company signed an MoU was signed for this during the Global Investors Meet, organised by the Government of Tamil Nadu in Chennai, with the state government. 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 citizen. 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 Tamil Nadu,” said TVS Motor in a press release.