TVS Motor inks MoU with Tamil Nadu for new investment of Rs 350 crore
TVS Motor Company has signed an MoU to invest Rs 350 crore in its existing two-wheeler and three-wheeler plants in Hosur during the next three years.
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As part of the Global Investors Meet, organized by the government of Tamil Nadu in Chennai, TVS Motor Company has signed an MoU to invest Rs 350 crore in its existing two-wheeler and three-wheeler plants in Hosur during the next three years. The investment will be mainly for development of new products and for capacity expansion.
TVS Motor says the signing of the MoU is in line with its 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 in Tamil Nadu.
More from Tamil Nadu:
- Mahindra signs MoU to invest Rs 2,000 crore in Tamil Nadu
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