TVS Motor to Invest Rs 20 Billion in Karnataka GCC
ECONOMY & POLICY

TVS Motor to Invest Rs 20 Billion in Karnataka GCC

TVS Motor Company, a leading manufacturer of two-wheelers and vehicle components, has entered into an agreement with Karnataka to invest Rs 20 billion over the next five years. The investment will be used to establish a Global Capability Centre (GCC) in the state, expanding the company’s operations in Mysuru.

A GCC is a specialised unit where a company sets up IT and related business functions. As part of this expansion, TVS Motor will also build a new test track and office infrastructure.

The Chennai-based company, which ranks as the fourth-largest two-wheeler manufacturer globally, boasts a user base of 58 million worldwide. The Mysuru facility, which employs over 3,500 people, has an annual production capacity of 1.5 million vehicles. Its export revenues from Mysuru exceed Rs 12 billion, contributing to a total revenue of approximately Rs 76 billion.

TVS Motor aims to double exports and increase overall revenues from its Mysuru operations. The company also operates additional factories in Hosur, Tamil Nadu, and Nalagarh, Himachal Pradesh.

The agreement was signed during the Global Investors Meet, Invest Karnataka 2025 on February 11.

(moneycontrol)
                           

TVS Motor Company, a leading manufacturer of two-wheelers and vehicle components, has entered into an agreement with Karnataka to invest Rs 20 billion over the next five years. The investment will be used to establish a Global Capability Centre (GCC) in the state, expanding the company’s operations in Mysuru.A GCC is a specialised unit where a company sets up IT and related business functions. As part of this expansion, TVS Motor will also build a new test track and office infrastructure.The Chennai-based company, which ranks as the fourth-largest two-wheeler manufacturer globally, boasts a user base of 58 million worldwide. The Mysuru facility, which employs over 3,500 people, has an annual production capacity of 1.5 million vehicles. Its export revenues from Mysuru exceed Rs 12 billion, contributing to a total revenue of approximately Rs 76 billion.TVS Motor aims to double exports and increase overall revenues from its Mysuru operations. The company also operates additional factories in Hosur, Tamil Nadu, and Nalagarh, Himachal Pradesh.The agreement was signed during the Global Investors Meet, Invest Karnataka 2025 on February 11.(moneycontrol)                           

Next Story
Technology

Vedanta Aluminium Deploys AI Drones for Mine Safety Alerts

Vedanta Aluminium, India’s largest aluminium producer, has introduced its first Artificial Intelligence (AI)-powered drone-based solution for blasting clearance and danger zone monitoring at its Jamkhani coal mine in Odisha. Collaborating with Vedanta’s Spark initiative to leverage innovative technologies towards achieving operational excellence, this project marks a significant leap in enhancing safety measures in its mining operations.Equipped with cutting-edge software, the AI-powered drone provides real-time aerial views and automatic capturing of movements of humans, animals and vehic..

Next Story
Infrastructure Energy

Anti-Dumping Duties Imposed on Solar Glass Imports from China, Vietnam

The Ministry of Commerce and Industry has finalised anti-dumping duties on textured tempered solar glass imported from China and Vietnam, following an investigation that found these imports were causing material injury to India's domestic industry. The investigation revealed that solar glass from these countries was dumped at prices lower than domestic selling prices, leading to price suppression and preventing Indian manufacturers from adjusting prices in line with production costs. As a result, anti-dumping duties have been imposed at $658-$664 per metric ton (MT) for China and $570-$66..

Next Story
Infrastructure Energy

The Energy Company Secures $2 Million in Pre-Series A Funding

Bengaluru-based EV battery solutions provider, The Energy Company, has raised $2 million in a pre-Series A funding round, led by Siana Capital, Callapina Capital, Z21 Ventures, 1Crowd, Lets Venture, and other investors. The company had previously raised $600,000 in a pre-seed round. The fresh funds will be used to expand Flexi, its full-stack battery intelligence platform, which helps commercial EV fleets improve battery lifespan and financing. The company also plans to scale up FlexiPack for electric two-wheelers and e-rickshaws while expanding into small and medium-sized energy storage ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?