10 SEPTEMBER 2015AlCircle.com
TVS Motor, Sundaram Clayton to invest INR 800 crore; includes investment on aluminium casting
Edited by : AL CIRCLE
1 min read
TVS Motor and Sundaram Clayton, India's two leading two-wheeler companies together announced plans to invest around INR 800 crore in Tamil Nadu.
Speaking on the sidelines of Tamil Nadu Global Investors Meet at Chennai on Wednesday Venu Srinivasan, chairman and managing director, TVS Motor and Sundaram Clayton said that Tamil Nadu is the best place to invest as it boasts great business environment and infrastructure.
Both the companies together would invest around INR 800 crore over the next three years. This will be increasing the two-wheeler capacity from 2 million to 2.5 million in Tamil Nadu. The investment will be on castings, plastic and aluminium casting and also on the BMW project.
Speaking on the sidelines of Tamil Nadu Global Investors Meet at Chennai on Wednesday Venu Srinivasan, chairman and managing director, TVS Motor and Sundaram Clayton said that Tamil Nadu is the best place to invest as it boasts great business environment and infrastructure.
Both the companies together would invest around INR 800 crore over the next three years. This will be increasing the two-wheeler capacity from 2 million to 2.5 million in Tamil Nadu. The investment will be on castings, plastic and aluminium casting and also on the BMW project.
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