Tube Investments of India’s bicycles division - TI Cycles of India, one of the leading bicycle manufacturers in India and part of the Murugappa Group, has inaugurated its state-of-the-art-bicycle manufacturing factory in Rajpura, Punjab on June 09, 2016. This facility - a Greenfield project, is set up with the support of the Government of Punjab. This factory has been set up to cater to the growing demand in the North and East Indian markets.
The plant has been built with a capital expenditure of Rs 105 crore and has the capacity to manufacture 2.50 lakh cycles per month, with the ability to expand when required. It is a state-of- the-art plant with the most modern bake-on-bake painting technology. The plant will have three modern painting lines with German applicators.
This new plant at Rajpura will further enhance the company’s ability to bring in innovative new products to cater to changing consumer needs. It will also help the company to continually improve the quality of its products on par with best in the world. Apart from contributing to the development of the ancillary industry in Punjab, this will also offer employment opportunities (both direct and indirect) to around 3000 people.
