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)

Technology

29 Jul 2026

AI-Enabled Workflows Lift Profitability and Productivity

Organisations modernising frontline workflows with artificial intelligence, automation and real-time data are reporting stronger financial performance, higher productivity and improved employee engagement, according to a global study by Zebra Technologies and Oxford Economics.The research covered 1,000 senior leaders across retail, manufacturing, transportation and logistics in the US, Mexico, the UK, Germany, India, Japan, Australia and New Zealand.In transportation and logistics, 54 per cent of companies that improved picking and packing operations reported faster operational performance, wh..

India Leads Global AI Readiness but Implementation Lags

Indian companies lead global averages across all eight artificial intelligence readiness indicators tracked by JLL, but only 19 per cent have started making changes to their workplaces, according to the JLL 2026 Future of Work Survey.The study found that 77 per cent of Indian business leaders expect AI to change their office requirements, creating a 58-percentage-point gap between awareness and implementation. The survey covered more than 2,200 CEOs, CFOs and real estate leaders across 21 countries during the first quarter of 2026.Despite concerns over automation, 58 per cent of Indian leaders..

Three WOLFF Cranes Build Riyadh Cable-Stayed Bridges

Three WOLFF 180 B luffing jib cranes are supporting the construction of two cable-stayed bridges alongside the existing Wadi Laban Bridge in Riyadh, Saudi Arabia. The project is being developed for the Royal Commission for Riyadh City and executed by the ICRC joint venture comprising IC Ictas and Al Rashid Trading & Contracting Company.The cranes are handling lifting operations including formwork, reinforcement, concrete placement, work platforms, surveying equipment and other construction materials. Each crane is fitted with a 40 m jib, reaches a hook height of 157 m and offers a maximum ..