NOVEMBER 20258TATA POWER TO INVEST 60,000 CR, FOCUS ON RENEWABLESTVS MOTOR TARGETS MAJOR GROWTH IN EUROPEAN MARKETSThe TVS Motor Company is planning to expand its footprint in Europe, where it will target Italy, Spain, and Portugal said Sudharshan Venu, the Chairman of the TVS Motor Company, the largest Indian two-wheeler manufacturer.This step is part of the company's global footprint strategy, which aims to enter "industrialized markets" outside the company's traditional focus on developing countries.The news came right after TVS Motor's first appearance at EICMA 2025, the global two-wheeler exhibition, where the company unveiled six new models crore in FY26, and Rs 23,000 crore in FY27, culminating in a total capital expenditure of Rs 60,000 crore by FY27.In addition to the previously announced two hydel pumped storage projects (PSP) with a capacity of 2,800 MW and an investment of Rs 13,000 crore, the company has identified three more similar projects that could generate up to 9,000 MW of power in close proximity, Sinha noted.Emphasizing that brownfield expansions like PSPs are more financially advantageous, Sinha explained that such expansions require approximately Rs 5 crore of investment per megawatt, utilizing existing assets to enhance power production, while a greenfield hydel project could cost up to Rs 8 crore.The three sites identified for their PSP potential are Potalpali, Kataldhara, and Nenavali in the Raigad district, according to the company.Interestingly, Sinha mentioned that the company has yet to sign power-purchase agreements for the two PSPs, including one located here and another at the nearby Shirwata, which involves an investment of Rs 13,000 crore, and the destination for the 2,800 MW of power to be generated remains uncertain.However, he suggested that bundling the project with solar and wind capacity could facilitate financing. ranging from internal combustion engines to electric powertrains.The show was graced by the presence of the supersport bike TVS Tangent RR Concept, electric motorcycle TVS eFX three O, TVS M1-S maxi electric scooter, adventure tourer TVS Apache RTX 300, born-electric TVS X, and the urban sports TVS RTR HyprStunt Concept. The Apache RTX 300 will be released in Europe in the first quarter of 2026.TVS Motor is well on its way and has a great future in the areas of Latin America, Africa, the Middle East, ASEAN, and South Asia. The two-wheeler exports in 2024-25 were up by 22.8% to 10.9 lakh units, accounting for 24% of the total revenues, with Africa and Latin America as major contributors.The Company's President of International Business, Peyman Kargar described Europe as "not only a market but a place that embodies the emotion and excellence of mobility," and considered the company's EICMA presence as "the debut of a brave, new era."The TVS Norton, a British brand of TVS Motor, is also a part of the European expansion plan, where after the launches in the UK and Europe, it will be followed by India and the US, with the Norton roadster being expected to debut in early 2026. TOP STORIESTata Power is set to invest Rs 60,000 crore over the next three years, with nearly half allocated to the renewables sector. The company, engaged in power generation, transmission, and distribution, will refrain from adding any new coal-based thermal power capacity, according to its chief executive and managing director, Praveer Sinha, who spoke to reporters here.The investment plan includes up to Rs 15,000 crore for FY24, increasing to Rs 20,000 crore in FY25, Rs 22,000
< Page 7 | Page 9 >