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Thread: TVS Motor Company signs MOU with Tamil Nadu Government for an investment of 350 Crore: xBhp News

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    Default TVS Motor Company signs MOU with Tamil Nadu Government for an investment of 350 Crore: xBhp News

    As part of the Global Investors Meet, organized by Tamil Nadu government in Chennai, TVS Motor Company has signed a MOU to invest 350 crore in existing two-wheeler and three-wheeler plants in Hosur during the next three years.

    The investment will be mainly for development of new products and for capacity expansion. This investment reflects TVS Motor Companys continued commitment towards the overall economic development of the State as a responsible corporate citizen.

    The signing of this MOU is in line with TVS Motor Companys firm belief in the potential of the State in terms of human resources, infrastructure and overall business environment. It will also have a significant beneficial effect on small and medium industries which are directly or indirectly associated with TVS Motor Company in Tamil Nadu.

    News Source: TVS Motors Press Release
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    Default Re: TVS Motor Company signs MOU with Tamil Nadu Government for an investment of 350 Crore: xBhp News

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