TVS Motor Company Sees Nearly 3% Surge in Shares Following Rs 5,000 Crore Investment Pact with Tamil Nadu Government

TVS Motor Company witnessed a 2.80 percent gain in early trade on January 8 after officially entering into a Memorandum of Understanding (MoU) with Guidance, the nodal agency of the Government of Tamil Nadu, on January 7, 2024.

This collaboration, part of the Tamil Nadu Global Investors Meet 2024 in Chennai, entails a significant investment of Rs 5,000 crore over the next five years, aiming to generate job opportunities for 500 individuals. The state will actively facilitate and support the company’s initiatives.

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As of 10:00 am, TVS Motor Company shares exhibited a notable 2.77 percent increase at ₹2,034.10