In a strategic move towards advancing clean and connected mobility, TVS Motor Company has announced a significant investment of ₹5,000 crore. The homegrown automaker, a major player in both the two and three-wheeler segments, is gearing up to revolutionize its product lineup by focusing on cutting-edge technologies and sustainability.
The investment, covering design, development, and deployment of future technologies, signifies TVS’s commitment to staying at the forefront of the rapidly evolving automotive landscape. This move is not only aimed at strengthening the company’s position in the domestic market but also expanding its footprint in international markets. Currently operating in 80 countries worldwide, TVS is poised to make a significant impact on the global stage.
TVS Motor Company’s Managing Director, Sudarshan Venu, emphasized the company’s dedication to innovation, stating, “Our core is engineering and R&D, and this is driven by over 2,000 engineers backed by solid design and development capability. Our vision is to transform the quality of life of our customers, and redefine the future of mobility with technology, connectivity, and cutting-edge design.”
The investment aligns with the automotive industry’s collective shift towards cleaner and connected technologies. TVS’s focus on introducing technologically advanced mobility solutions underscores its commitment to meeting evolving consumer demands and environmental considerations.
With the infusion of ₹5,000 crore, TVS Motor Company aims to accelerate the production of cleaner, connected, and technologically advanced products. The company envisions not only increasing its market share in India but also pushing its export shares to 50% over the next few years, although a specific timeline for this ambitious goal has not been disclosed.
