TVS Motor To Establish Global Capability Center In Karnataka, Expand Mysuru Operations

TVS Motor Company a two and three-wheeler maker has announced that they will set up a global capability center in Karnataka, with the aim to increase its production and engineering capabilities in Mysuru, the new facility will also have a test track.

Sudarshan Venu, Managing Director, TVS Motor Company, outlined the company’s future plan at the Global Investors Meet (GIM). TVS Motor Company also signed a Memorandum of Understanding with the Government of Karnataka to invest Rs 2,000 crore in the state over the next 5 years.

TVSM operates a manufacturing facility in Mysuru that has more than 3,500 people working their and has an annual production capacity of 1.5 million vehicles. Two-wheelers manufactured at the Mysuru factory serves majorly the domestic demand and support global exports.

Export revenues from the Mysuru factory are more than Rs 1,200 crore, out of a total of Rs 7,600 crores generated. The company aims to double its export and overall revenues from its Mysuru operations.

In addition to the Mysuru plant, TVS Motor operates two other manufacturing facilities in India. One is located in Hosur, Tamil Nadu, spanning 300 acres, while the other is situated in Nalagarh, Himachal Pradesh.

"We envision a capability center that will draw top talent and great ideas, and have research capability to be the birthplace of next-gen bikes. The office and allied infrastructure will bring together engineers, designers, innovators, AI and ML experts, who will define what is next! Karnataka is a place where great ideas take off and we are excited to expand our footprint in the state,” Sudarshan Venu, said.