Tuesday, 8 November 2011

TVS Motor to invest in West Bengal-based plant



West Bengal Industrial Development Corporation Ltd has granted permission for the demerger of two-wheeler business of Mahabharat Motors Manufacturing Co into a separate company through the court process of demerger.

The Commerce and Industry Minister of the West Bengal Government, Mr Partha Chaterjee, on Saturday handed over to TVS Motor Company and Mahabharat Motors Manufacturing Company the in-principle permission.

TVS Motor, which had entered into an initial pact with West Bengal-based Mahabharat in 2008 for providing technical support to later's plant, will thereby take a larger role in the spin-off entity that makes two-wheelers, it said in an emailed statement.

TVS Motor will retain the existing staff and workers of Mahabharat Motors Manufacturing Co. It expects to initially manufacture around 1,000 motorcycles per month. TVS Motor will also use this facility as a hub to service West Bengal and North-East markets.TVS Motor currently has three manufacturing facilities in Tamil Nadu, Karnataka and Himachal Pradesh to manufacture two and three-wheelers.

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