TVS Motor Company to invest Rs 1,200 crore in electric vehicles

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Electric vehicles, which are widely used all over the world, have recently been launched in India. The market for electric vehicles in India has just begun. Already leading companies in the Indian automobile market have also decided to engage in the production of eco-friendly electric vehicles, taking into account the changing needs, technological development and fuel shortages and prices.

Based on this, to expand the electric vehicle market in India and meet the demand for electric vehicles, TVS Motor Company will launch a new manufacturing plant with an investment of several crores of rupees. You can see more details about this here. TVS Motor Company, a leading two-wheeler and three-wheeler manufacturer in India, has decided to invest Rs 1,200 crore in Tamil Nadu.

Recent reports from the company suggest that the investment will be used to manufacture and develop future technology and electric vehicles. TVS, which has made its mark not only in big cities but also in small towns and rural areas, is currently involved in the production of electric vehicles that are just starting to grow in India.

The company has announced plans to expand this further. The company has said it plans to invest Rs 1,200 crore in future technology and electric vehicle production over the next four years to complete the expansion. The company also plans to make a total investment in Tamil Nadu. The company has also announced a Memorandum of Understanding with the Government of Tamil Nadu to implement this.

The company claims to be adapting to the digital age as an integrated, durable and environmentally friendly brand. The agreement was signed at the 2021 Tamil Nadu Investment Conference in Coimbatore. Over the next four years, TVS Motor will focus on electric vehicle manufacturing and vehicle technology development.

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Production of electric vehicles in India has been going very fast since its inception. Currently Ola has started manufacturing electric bikes. The booking is in effect. Some companies have also started manufacturing electric vehicles. TVS ‘presence in Tamil Nadu with a focus on electric vehicle manufacturing is seen as a very healthy development. This will boost the growth of electric vehicles in the automobile sector, increase employment and boost the economic growth of the state.

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