TVS Motor Company has signed a Memorandum of Understanding (MoU) with the Karnataka government to invest ₹2,000 crore in the state over the next five years. The investment will support the establishment of a global capability center, expansion of production and engineering operations, and development of a new test track and corporate office.
Speaking at the Invest Karnataka 2025 event, Managing Director Sudarshan Venu highlighted the company’s vision for the initiative. “As we move toward our 2030 goals, these investments will drive impactful advancements in personal and commercial mobility,” he stated.
He further emphasized the role of the upcoming capability center in fostering innovation. “We aim to create a hub that attracts top talent, fuels groundbreaking ideas, and serves as the birthplace of next-generation motorcycles. The new infrastructure will unite engineers, designers, AI and ML experts to shape the future of mobility. Karnataka has always been a launchpad for innovation, and we are excited to deepen our presence here.”
TVS Motor currently operates three manufacturing plants in India—Hosur (Tamil Nadu), Mysuru (Karnataka), and Nalagarh (Himachal Pradesh). The Mysuru facility, with an annual production capacity of 1.5 million vehicles, caters to both domestic and export markets. The company reported ₹7,600 crore in revenue from this plant, with exports contributing ₹1,200 crore. TVS now aims to double both its export volume and overall revenue from the facility.
To drive future growth, TVS is focusing on electric vehicle technology and expanding its global footprint. The company has partnered with Hyundai Motor India to explore advanced electric three-wheelers and micro four-wheelers. Hyundai is expected to provide expertise in design, engineering, and technology, while TVS will handle manufacturing and market development in India.
Additionally, sources indicate that TVS is considering localizing an e-bike from its European subsidiary, SEMG. The company is also exploring the launch of a small electric commercial vehicle by 2026-27, which may require setting up a new production line. TVS Motor’s Chairman, Ralf Dieter Speth, previously stated that the company is evolving into a high-tech global mobility player, with electric vehicles at the core of its growth strategy.
TVS Motor Company (BSE: 532343, NSE: TVSMOTOR) is a globally recognized manufacturer of two and three-wheelers, dedicated to advancing sustainable mobility. With four advanced manufacturing facilities in India and Indonesia, the company builds high-quality, internationally acclaimed products using innovative and eco-friendly processes.
With a century-long legacy of trust and customer-centric values, TVS Motor stands out as the only two-wheeler manufacturer to win the prestigious Deming Prize. Its products consistently lead in J.D. Power IQS and APEAL surveys, and the company has been ranked No. 1 in the J.D. Power Customer Service Satisfaction Survey for four consecutive years.
TVS Motor’s global footprint extends to over 80 countries, offering a superior customer experience. Its group company, Norton Motorcycles, based in the UK, is among the world’s most iconic motorcycle brands. Additionally, its subsidiaries in the e-mobility sector, Swiss E-Mobility Group (SEMG) and EGO Movement, hold leading positions in Switzerland’s e-bike market. Driven by a passion for innovation and sustainability, TVS Motor continues to deliver excellence in mobility solutions worldwide.
