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)

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