Ultraviolette to invest Rs 1,000 crore in Karnataka, Tamil Nadu; Hosur plant to add 2.5 lakh capacity

Ultraviolette will invest Rs 1,000 crore to expand manufacturing in Karnataka and Tamil Nadu. The company plans to build a new facility in Hosur with a capacity of 2.5 lakh vehicles. CEO Narayan Subramaniam said, "We were looking at locations close to our R&D facility." This project creates many jobs.