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MoneyWorks4Me

TVS Motor, Sundaram Clayton together to invest around Rs 800 crore in Tamil Nadu

09 Sep 2015 Evaluate

TVS Motor and Sundaram Clayton are together planning to invest around Rs 800 crore over the next three years in Tamil Nadu. This will be increasing the two-wheeler capacity from 2 million to 2.5 million in Tamil Nadu. The investment will be on castings, plastic and aluminium casting and also on the BMW project.

TVS Motor Company is the third largest two-wheeler manufacturer in India and one among the top ten in the world, with annual revenue of more than Rs. 10,131 crore in 2014-15 (around USD 1.6 billion), and is the flagship company of the, USD 7.29 billion in 2013-14, TVS Group.

Peers
Company Name CMP
Bajaj Auto 10350.00
TVS Motor Company 4200.00
Hero MotoCorp 5152.40
Eicher Motors 7210.00
OLA Electric Mobilit 33.16
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