TVS Signs 350 crore MOU with Tamil Nadu Government

TVS Motor company has signed an MOU with the Government of Tamil Nadu of Rs 350 crore at Global Investors Meet. TVS plans to invest this amount in its existing plants of two and three wheelers in Hosur during the next three years. The investment will focus on capacity expansion and product development. The investment makes TVS responsible of corporate social activity and will also improve the overall economic development of the state.

Also Read: TVS Apache Price, Specs and more

The small scale industries which are directly or indirectly associated with TVS will also receive benefits following the investment. The signing of MOU is in line with TVS motor company’s firm belief in the potential of the state in terms of human resources, infrastructure and overall business environment.