TVS Motor to Invest Rs 2,000 crore in Karnataka, sets up GCC
7 Mar 2025 / 03 min read
TVS Motor invests ₹2,000 crore in Karnataka for a GCC focused on R&D and innovation, boosting industrial growth, exports, and Karnataka’s investment-friendly ecosystem.
TVS Motor Company, one of India's leading two-wheeler manufacturers, has signed a Memorandum of Understanding (MoU) with the Karnataka government to invest Rs 2,000 crore over five years, marking a significant expansion of its operations in the state.
The investment will be used to set up a global capability centre (GCC) in Karnataka, which will serve as a hub for research and development, innovation, and engineering. The GCC will be the birthplace of next-generation bikes, according to TVS Motor's Managing Director, Sudarshan Venu.
The centre will bring together engineers, designers, innovators, artificial intelligence (AI), and machine learning (ML) experts, who will define the future of mobility. The investment will also be used to set up a new test track and office infrastructure, further enhancing TVS Motor's capabilities in the state.
TVS Motor's Mysuru facility, which employs over 3,500 people, has an annual production capacity of 15 lakh vehicles. The company aims to double its exports and overall revenues from the Mysuru operations, with export revenues currently exceeding Rs 1,200 crore.
The investment is a significant boost to Karnataka's efforts to attract investments and promote industrial growth. The state government launched its new Industrial Policy 2025-30, which aims to achieve a 12% annual growth rate in manufacturing, attract Rs 7.5 lakh crore in investments, and generate 20 lakh jobs by 2030.
The state also launched an AI-powered single window system in partnership with Microsoft to fast-track industrial approvals and improve business efficiency. The move is expected to make Karnataka an attractive destination for investors and promote ease of doing business.
TVS Motor's investment is the latest in a series of announcements made at the Invest Karnataka 2025 summit, which aims to attract investments and promote industrial growth in the state. Chipmaker Lam Research announced an investment of Rs 10,000 crore, while other companies also made significant investment commitments.
