TVS Motor signs MoU with Government of Karnataka to expand operations with Rs 2000 crore investment

TVS Motor Company (TVSM), a global leader in two and three-wheeler manufacturing, is set to expand its presence in Karnataka with a ₹2,000 crore investment over the next five years. The announcement was made by Sudarshan Venu, Managing Director of TVS Motor Company, at the Global Investors Meet (GIM), Invest Karnataka 2025. A Memorandum of Understanding (MoU) was signed between TVSM and the Government of Karnataka, reinforcing the company’s long-term commitment to the region.

As part of this expansion, TVSM will establish a Global Capability Center in Karnataka, aimed at fostering innovation and cutting-edge research for next-generation motorcycles. The company also plans to enhance production and engineering capabilities in Mysuru, build a state-of-the-art test track, and set up a new corporate office to support its growing operations.

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Speaking at the event, Sudarshan Venu emphasized TVS Motor’s vision for Karnataka as a hub for innovation and growth. He stated, “We envision a capability center that will draw top talent and have research capability to be the birthplace of next-gen bikes. Karnataka is a place where great ideas take off, and we are excited to expand our footprint in the state.”

TVSM currently operates a state-of-the-art manufacturing facility in Mysuru, which employs over 3,500 people and has an annual production capacity of 1.5 million vehicles. This facility plays a crucial role in fulfilling domestic demand while also exporting products worth over ₹1,200 crore annually. With this new investment, the company aims to double its exports and overall revenues from Mysuru.