Shares of Pavna Industries Limited surged over 3% today after the company announced a major step forward in its growth plans. Pavna Industries, known for manufacturing high-quality automotive components for passenger vehicles, two-wheelers, three-wheelers, commercial vehicles, and off-road vehicles, has signed a Memorandum of Understanding (MoU) with the Government of Tamil Nadu.
The MoU will see Pavna Industries setting up a state-of-the-art auto-components manufacturing facility at the Future Mobility Park in Shoolagiri, Krishnagiri District. The Tamil Nadu government has pledged its full support to ensure the project is executed smoothly and on time.
This new facility is expected to boost Pavna Industries’ manufacturing capacity, strengthen its position in the automotive ecosystem, and support Tamil Nadu’s ambition to become a hub for future mobility solutions. Investors welcomed the news, pushing the stock higher in early trading.
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