TVS Motor Company pledges $3.3 million to Indian PM’s relief fund

TVS Akula 310

TVS Motor Company on Monday announced an additional Rs. 25 crore ($3.3 million) contribution to the PM’s Relief Fund (PM-CARES) to help with the battle against coronavirus pandemic, together with its Group Companies TVS Credit Services, Sundaram-Clayton and among others.

The development comes in line with the continued activities being conducted through Srinivasan Services Trust (SST), the CSR arm of the group, the company stated in a release.

“The COVID-19 pandemic marks an unprecedented time in modern history and it will need the best of humanity to overcome the battle. We applaud the Government’s strong resolve and numerous actions to fight this. Now, more than ever, it requires all of us to cooperate and support each other as a nation,” said Venu Srinivasan, Chairman of TVS Motor Company.

On the other hand, the company informed that SST is manufacturing and providing one million protective face masks for important service providers and employing factory kitchens at the manufacturing units located in Hosur, Padi and Mysuru to make pre-packed cooked meals, which will be provided to all police personnel, municipal staff and healthcare workers in the vicinity.

In Baddi, Himachal Pradesh, the CSR arm will be providing dry rations to daily wage employees.

Furthermore, TVS is reviewing collaboration with 3D printing companies to make ventilators to support the hospitals, the company said.

On Friday, the automaker, with its CSR also declared that it will spend Rs 30 crore ($3.9 million) to fight the coronavirus pandemic. The funding will come through Srinivasan Services Trust (SST), their social arm.

About 1,590 people in India have been confirmed as being infected with the coronavirus. The virus has killed 45 people in the country.

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