TVS Motor Company signs MOU With Tamil Nadu Government for the investment of Rs. 1200 Crore in Future Technologies and Electric Vehicles.
The MOU was signed in the presence of the Honourable Chief Minister of Tamil Nadu, Thiru. M.K. Stalin and Padma Bhushan Shri. Venu Srinivasan, Chairman TVS Motor Company at the Tamil Nadu Investment Conclave 2021 in Coimbatore.
The company has signed an MoU with the Tamil Nadu government for an investment of Rs 1,200 crore in futuristic technologies and electric vehicles.
The MoU was signed in the presence of Tamil Nadu Chief Minister MK Stalin and TVS Motor Company Chairman Venu Srinivasan at the Tamil Nadu Investment Summit 2021 in Coimbatore.
TVS Motor said it “is transforming itself into a digital age company with a connected, sustainable and electric brand. The company is committed to leading the technology development in EV and green fuel and leading the way to the electrification of the two-wheeler segment in the country.”
“The signing of this MOU is in line with TVS Motor Company’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 Company in Tamil Nadu.” Further said.