TVS Motor Company said it will invest Rs 2,000 crore in Karnataka over the next five years with plans to set up a capability centre and expand production.

As part of the agreement inked with the Karnataka government, the company said it will set up a global capability centre, expand its production and engineering capabilities in Mysuru, build a test track and set up a new company office infrastructure in the state.

TVS Motor Company Managing Director Sudarshan Venu outlined the company's plan at the Global Investors Meet (GIM), Invest Karnataka 2025.

"We envision a capability centre that will draw top talent and great ideas, and have research capability to be the birthplace of next-gen bikes," Venu stated.

The office and allied infrastructure will bring together engineers, designers, innovators, AI and ML experts, who will define what is next! Karnataka is a place where great ideas take off and the company is excited to expand its footprint in the state, he added.