TVS Motor Company, one of the largest two-wheeler manufacturers in India, witnessed a rise in share price on Friday after it has signed a MoU with the Government of Tamilnadu. Under the MoU, TVS Motor company will invest Rs 3.50 billion in its existing two-wheeler and threewheeler plants in Hosur during the next three years.

The investment will be mainly for development of new products and for capacity expansion. This investment reflects TVS Motor Company's continued commitment towards the overall economic development of the State as a responsible corporate citizen.

Shares of T V S Motor Company are trading at Rs 229.80, up Rs 1.6, or 0.70% at the Bombay Stock Exchange (BSE) on Friday at 9:21 a.m.

Total volume of shares traded on the bourses today was lower by 96.54% to 12,854 compared with 22-day average volume of 371,929.