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Ultraviolette Automotive will invest ₹779 crore over five years in a new manufacturing plant at Hosur in Tamil Nadu, the electric two-wheeler maker said on Thursday.

The facility will open with annual capacity of 250,000 vehicles and can be expanded to 500,000 as demand grows. It complements the company's existing plant near Bengaluru, which can produce up to 50,000 units a year.

Chief technology officer Niraj Rajmohan said the investment would be funded through internal reserves, equity and future cash flows, with limited reliance on debt. Hosur was chosen for its proximity to Ultraviolette's Bengaluru research and development centre and its access to an established automotive supply chain. Reported job creation figures range from around 2,000 to 4,000.