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Fire breaks out at TVS Motor Company’s Hosur plant

02 Aug 2012 Evaluate

A fire broke out in the paint shop in one of the TVS Motor Company’s plants located at Hosur in the early hours of July 29, 2012. The plant that suffered damage has been adequately insured. The production is not expected to be disrupted, in view of the availability of spare capacity.

Besides, the extent of damage and possibility of restoring the damaged unit to normalcy as early as possible are being assessed.

TVS Motor Company is the third largest two-wheeler manufacturer in India and one among the top ten in the world. The company has a production capacity of 2.5 million units a year.

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
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