TVS Motor to Invest Rs 20 Billion in Karnataka GCC

13 Feb 2025 CW Team

TVS Motor Company, a leading manufacturer of two-wheelers and vehicle components, has entered into an agreement with Karnataka to invest Rs 20 billion over the next five years. The investment will be used to establish a Global Capability Centre (GCC) in the state, expanding the company’s operations in Mysuru.

A GCC is a specialised unit where a company sets up IT and related business functions. As part of this expansion, TVS Motor will also build a new test track and office infrastructure.

The Chennai-based company, which ranks as the fourth-largest two-wheeler manufacturer globally, boasts a user base of 58 million worldwide. The Mysuru facility, which employs over 3,500 people, has an annual production capacity of 1.5 million vehicles. Its export revenues from Mysuru exceed Rs 12 billion, contributing to a total revenue of approximately Rs 76 billion.

TVS Motor aims to double exports and increase overall revenues from its Mysuru operations. The company also operates additional factories in Hosur, Tamil Nadu, and Nalagarh, Himachal Pradesh.

The agreement was signed during the Global Investors Meet, Invest Karnataka 2025 on February 11.

(moneycontrol)

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..