TVS Motor Company, India’s third largest two-wheeler manufacturing company, will now pump close to

RELATED ARTICLES TVS Q4 net profit jumps 31% to Rs 57.23 cr Bajaj Auto Q4 net dips 45% at Rs 772 cr Honda launches its cheapest motorbike Dream Yuga HMSI sales up 45% in April TVS unveils Apache variants

Rs 400 crore into its Uluberia plant in Howrah district of West Bengal over the next three years.

The company, which had three world-class manufacturing facilities in Tamilnadu, Karnataka and Himachal Pradesh, marked its footprint in eastern India, inking a joint venture agreement with Mahabharat Motors of Universal Success Group (owned by the Singapore-based NRI entrepreneur Prasoon Mukherjee) three years ago.

TVS chairman Venu Srinivasan told newspersons here on Saturday, “We are going to increase production of motorcycles at the Uluberia plant from 1600 units per year to 2.4 lakh units per year over a period of three years. This will entail an investment of nearly Rs 400 crore over this period.” Srinivasan was here to address “Bengal Leads 2012”, an industry summit organised by West Bengal Industrial development Corporation (WBIDC). He was speaking to newspersons on the sidelines of the industry summit.

TVS Motor at present has 100 acre of land at his disposal at Uluberia, which it got from Mahabharat Motors. Srinivasan said that even after ramping up capacity, the company would continue manufacturing two wheelers on 44 acre of land. The joint venture company will set up an auto ancillary unit on the remaining 56 acre of land within the same compound.

“We are already in talks with a number of leading vendors for this auto ancillary unit, work for which is expected to begin shortly,” said Srinivasan.