Venu reports $1bn exports to 80 countries
TVS Motor Company is committed to invest Rs.5,000 crores (US$600 million) towards the design, development and deployment of future technologies, products, and digital capabilities, Managing Director Sudarshan Venu said on 3 Feb 2024.
“TVSM is the only OEM in India to have end-to-end inhouse EV and connected capabilities including battery manufacturing, battery management system, vehicle control unit and infotainment systems,” he said after Prime Minister Narendra Modi visited the company’s display at the Bharat Mobility Global Expo 2024.
“TVS has more than 650 EV related patents, with 2,000+ engineers working on advanced technologies such as material science, electric powertrain, and data science.”
The company, a leading global automaker that operates in the two and three-wheeler segments, exports close to US$1 billion, 30% of its annual volume, and has a presence in 80 countries – a testimony to India’s engineering and technological prowess, a celebration of Atmanirbhar Bharat.
Venu said, “We are honoured and very energised by the Prime Minister’s interest in our company’s roadmap. Thanks to the Prime Minister’s leadership and the supportive policy environment created by the Government, India has become a hotbed for innovation and a global manufacturing base.”
TVS Motor is excited to be playing its part in this journey. Our core is engineering and R&D, and this is driven by 2,000+ passionate engineers backed by solid design and development capability.
TVS Motor Company (BSE: 532343) (NSE: TVSMOTOR) is a reputed two and three-wheeler manufacturer globally, championing progress through sustainable mobility with four state-of-the-art manufacturing facilities located in India and Indonesia. Fiinews.com
