TVS Motor to set up engine plant in Himachal

TVS Motor Company Ltd is planning to invest Rs 150 crore for setting up a new engine manufacturing plant in Himachal Pradesh, according to a Business Standard report. This will take the company's total investments in the state to around Rs 270 crore.
 
“The new facility will be the company’s second manufacturing plant in the state. We started off our operations in Himachal Pradesh in 2007 with a plant in Nalagarh in Solan district. Our company is very satisfied with the performance of the plants there and the co-operation given by the government,” R Ramakrishnan, Director, TVS Motor, was quoted by various newspapers from Bangalore, according to the report.
 
TVS already has a manufacturing facility for two-wheelers in the state. The company current turnover from its existing plant in Himachal Pradesh is Rs 900 crore and it manufactures TVS Star City, TVS Sport, TVS Jupiter.
 
Though the plant has a production capacity of 6 lakh units, it produces 3 lakh units and caters to north and central India markets.
 
FOR COMPLETE REPORT READ: TVS Motor to invest additional Rs 150 cr in Himachal