TVS Motor Company and Bengaluru-based Simple Energy on Tuesday pledged to invest over Rs 2,000 crore to set up e-scooter manufacturing units in Krishnagiri and Dharmapuri districts, in yet another boost to Tamil Nadu which hopes to emerge as an electric two-wheeler hub.
TVS Motor Company, which has a sprawling factory in Hosur located just outside Bengaluru, will invest Rs 1,200 crore for setting up an e-scooter factory in Krishnagiri district. Simple Energy will set up two units in Krishnagiri and Dharmapuri districts at a cost of Rs 1,000 crore.
