MoneyWorks4Me

TVS Motors proposes bike manufacturing unit at Uluberia

31 Oct 2011 Evaluate

In a bid to renew its association with West Bengal, two wheeler manufacturer TVS Motors has proposed to manufacture bikes in their franchise operated two wheeler plant at Uluberia in the outskirts of the city. TVS will demerge from Mahabharat Motors and they will manufacure bikes on their own to cater to the eastern part of the country. According to the proposal, TVS Motor will use 45 out of the total 63 acres at Uluberia plant to set up its manufacturing unit. Mahabharat Motors, jointly promoted by Indonesia’s Salim Group, and the Universal Success Enterprise based in Singapore was incorporated in 2006 to produce two wheelers based on chinese technology. Later in 2008, TVS Motor tied up with Mahabharat Motors as their contract manufacturers. According to the proposal, the facility was to manufacture 1,000 bikes per month from October 2009 onwards. The production capacity was supposed to be expanded to 10,000 per month by 2011. However, it failed to match the estimted production and, finally following the economic slowdown in 2009, TVS stopped sourcing from Mahabharat.

Peers
Company Name CMP
Bajaj Auto 10069.85
TVS Motor Company 4021.45
Hero MotoCorp 5173.00
Eicher Motors 6949.85
OLA Electric Mobilit 37.09
View more..