TVS Motor, India’s leading two-wheeler manufacturer and auto seller in Tamil Nadu, has agreed to sign an agreement with the Tamil Nadu government to invest approximately 1,200 crore rupees in Tamil Nadu.
With this investment, TVS decided not only to create more jobs in Tamil Nadu, but also to create world-class automotive technology.
TVS motor
TVS Motor today signed a landmark agreement with the Tamil Nadu government which has decided to manufacture Future Technologies and Electpik vehicles in Tamil Nadu alone with an investment of around Rs 1,200 crore within 4 next year.
Electric Vehicle Division
The agreement aims to design, develop and manufacture new vehicles for the electric vehicle segment in Tamil Nadu. With the popularity of electric vehicles growing across India, TVS’s decision will help the company grow.
1 trillion USD
This investment represents TVS Motor Company’s responsibility for the economic development of Tamil Nadu. Also at the economic conference in Coimbatore, Minister Stalin of Tamil Nadu expressed his hope that Tamil Nadu’s economy will soon reach 1 trillion USD.
Venu Srinivasan
it is received that the Memorandum of Understanding between TVS Motor Company and the Government of Tamil Nadu was signed during the 2024 Tamil Nadu Investment Conference was held in Coimbatore. Then, Chief Minister of Tamil Nadu, Mr. Stalin and TVS leader Venu Srinivasan accompanied him.
TVS
TVS has been around for a long time and is constantly evolving to adapt to the digital age. TVS Motor is currently planning to expand its business on a large scale in the electric vehicle segment. At the same time, it has decided to produce vehicles running on green fuels, which are more environmentally respectful.
Our Hometown TVS Group Companies Rs 8 crore corona fund .. Flexible person..!
Sundaram Accounting, a non-banking financial institution and TVS Group of Companies jointly sponsor the Rs 8 crore corona relief. 4,444 companies, including Brex India, Wheels India, Sundaram Home Finance and Royal Sundaram General Insurance, provided the relief.
Corona help
Of the above relief amount, Rs. 2.50 crore paid to BM Care of the central government, Rs 2.50 to the Tamil Nadu Government Corona Relief Fund and Rs. 3 crore is paid for medical equipment, including oxygen concentrators.
Handing over to Chief Stalin
Srivastava Ram, Managing Director of Wheels India, presented a check for 8 crore rupees on Saturday to Tamil Nadu Chief Minister, Mr. K. Stalin. While this is what everyone has to endure in the Corona Era, helping companies like this will go a long way in protecting the masses.
Rs 40 crore aid
TVS Group recently announced that they will be offering Rs 40 crore. It also announced its intention to provide corona medical equipment and oxygen concentrators. In addition, Tamil Nadu will provide 20,000 food packages per day to essential catering workers in Karnataka and Himachal Pradesh.
Ambulance Service
It also provides two ambulances in cooperation with local authorities. It is said to be equipped with features that can immediately treat people with mild corona infections and also serves villages near its factories in Hosur and Mysore.
Help enough for the early stages of the spread
Srinivasan said the TVS group, which has been serving people for 100 years, will continue to do so. In this case, he provided a fund of 8 crore rupees to prove it.