13 Feb 2025
Strengthening Production, Engineering, and Electric Mobility Focus
TVS Motor Company has signed a Memorandum of Understanding (MoU) with the government of Karnataka to invest ₹2,000 crore in the state over the next five years. The investment will support the establishment of a global capability center, production expansion, and enhanced engineering capabilities.
Key Highlights of TVS Motor’s Karnataka Investment
This investment aims to boost local manufacturing, drive technological advancements, and create new employment opportunities in the state. TVS Motor is focused on strengthening its R&D capabilities to develop next-gen mobility solutions.
Expansion Plans
- A new global capability center to foster innovation and advanced research.
- Expansion of production and engineering capabilities.
- Development of a test track for vehicle testing and R&D.
- Establishment of a new corporate office infrastructure in Karnataka.
Boosting the Mysuru Plant
- TVS Motor’s Mysuru plant currently has an annual production capacity of 1.5 million vehicles.
- The facility generated ₹7,600 crore in revenue, including ₹1,200 crore from exports.
- Plans to double revenue and exports from this plant.
TVS Motor’s Vision for Innovation
At the Invest Karnataka 2025 event, Managing Director Sudarshan Venu emphasized the company’s long-term goals. “As we progress towards our 2030 goals, this investment will help deliver impactful mobility solutions, setting new benchmarks in the industry.”
He also highlighted the role of the capability center in attracting top talent, fostering research, and shaping the next generation of two- and three-wheelers. “We envision a capability center that will be the birthplace of next-gen bikes, bringing together engineers, designers, AI, and ML experts to redefine mobility.”
TVS Motor and Hyundai’s EV Collaboration
- TVS has partnered with Hyundai Motor India to explore electric three-wheelers and micro four-wheelers.
- Hyundai will provide design and engineering expertise, while TVS will focus on manufacturing and marketing.
- Discussions are in the exploratory stage, signaling future advancements in EV technology.
Future Expansion into Electric Mobility
- TVS is planning to enter new EV segments, from electric bicycles to mini trucks.
- The company is considering localizing e-bikes from its European subsidiary, SEMG.
- A new electric small commercial vehicle is being considered for launch in 2026-27, potentially requiring an all-new manufacturing line.
TVS Motor’s Commitment to a High-Tech Future
TVS Motor Chairman Ralf Dieter Speth reinforced the company’s vision, “TVS Motor is transforming into a high-tech global mobility company, with electric vehicles at the core of its future growth.”
With this strategic investment, TVS Motor is set to strengthen its position as a leader in mobility solutions while significantly contributing to Karnataka’s economic and technological development.
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