TVS Motor Company (TVSM) has outlined ambitious plans to set up a global capability center in Karnataka and enhance its production and engineering operations in Mysuru. Unveiled at the Global Investors Meet (GIM), Invest Karnataka 2025, this initiative will also see the construction of a state-of-the-art test track and new office infrastructure. TVSM has signed a Memorandum of Understanding with the Government of Karnataka, pledging an investment of INR 2,000 crore over the next five years.
Sudarshan Venu, Managing Director, TVS Motor Company, emphasised that the centre would attract top talent and foster innovation, focusing on advanced research to develop next-generation motorcycles. The new office and infrastructure will bring together engineers, designers, and AI and ML experts to shape the future of mobility. Venu praised Karnataka as a hub for great ideas and expressed excitement about expanding the company’s presence in the state.
The Mysuru facility, with a workforce of over 3,500 individuals, produces 1.5 million vehicles annually, playing a pivotal role in meeting both domestic demand and export needs. The factory alone generates export revenues of INR 1,200 crore out of a total revenue of INR 7,600 crore. With upcoming expansion plans, TVSM aims to double these export revenues and significantly boost overall production from the Mysuru plant.
In addition to the Mysuru facility, TVSM operates two other factories in India. The Hosur plant near Bengaluru covers 300 acres, while the Nalagarh facility in Himachal Pradesh serves northern markets. The Mysuru expansion is expected to enhance the company’s global presence, especially in the export market, while also contributing to Karnataka’s industrial growth.