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TVS Motor signs MoU with Government of Tamil Nadu

23 Nov 2021 Evaluate

TVS Motor Company has signed a Memorandum of Understanding (MoU) with the Government of Tamil Nadu for investment in Future Technologies and Electric Vehicle. Under the MOU, TVS Motor will invest Rs 1200 crore in Future Technologies and Electric Vehicles (EV) in the next four years. The investment will be mainly for the design, development and manufacturing of new products and capacity expansion in the EV space.

The signing of this MoU is in line with TVS Motor’s 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 directly or indirectly associated with TVS Motor in Tamil Nadu.

TVS Motor Company is a reputed two and three-wheeler manufacturer.

Peers
Company Name CMP
Bajaj Auto 9815.00
TVS Motor Company 3939.80
Hero MotoCorp 4950.50
Eicher Motors 6922.25
OLA Electric Mobilit 35.20
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