TVS Motor to expand Hosur plant at Rs.350 crore outlay

Chennai, Sep 10 (IANS) Two- and three-wheeler maker TVS Motor Company Ltd on Thursday said it would expand its capacity at its plant in Tamil Nadu’s Hosur at an outlay of Rs.350 crore.

In a statement issued here, the company said it has signed a memorandum of understanding (MoU) with the Tamil Nadu government for the investment, which would happen over the next three years and will be mainly for development of new products and for capacity expansion.

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