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TVS Motor Company signs MoU with Tamil Nadu for Rs 1,200-crore investment

Under the MoU, the investment will be spread over four years, and will be mainly for the design, development and manufacturing of new products and for capacity expansion in the EV space

November 23, 2021 / 03:24 PM IST
The MoU was signed in the presence of Tamil Nadu Chief Minister MK Stalin and chairman of TVS Motor Company, Venu Srinivasan

The MoU was signed in the presence of Tamil Nadu Chief Minister MK Stalin and chairman of TVS Motor Company, Venu Srinivasan

 
 
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TVS Motor Company, India’s fourth largest two-wheeler manufacturer, has signed a Memorandum of Understanding (MoU) with the Government of Tamil Nadu for an investment of Rs 1,200 crore in future technologies and electric vehicles (EV).

The MoU was signed in the presence of Tamil Nadu Chief Minister MK Stalin and chairman of TVS Motor Company, Venu Srinivasan, at the Tamil Nadu Investment Conclave 2021 in Coimbatore.

The investment will be spread over four years, and will be mainly for the design, development and manufacturing of new products and capacity expansion in the EV space.

EV subsidiary