TVS Signs Manufacturing Deal With Mahabharat Motors

With the aim to strengthen its presence in Eastern India, TVS Motor Co, Chennai-based two wheeler maker, has signed up a manufacturing deal with Mahabharat Motors Manufacturing Co.

In a statement, TVS Motor Co said that the Mahabharat Motors will assemble the agreed products as a contract manufacturer and the products to be made will be decided in due course.

The company also said that it will introduce first-rate quality control standards and assembly procedures.

TVS has also decided to provide technical backing for the factory construction including master planning and factory layout.

The company said that its projected complex will have manufacturing and other support facilities, and will be situated in Uluberia (50 km from Kolkata) in West Bengal.

The recent plan will strengthen TVS presence in the eastern region.

At present, TVS Motor Co has three manufacturing facilities in Tamil Nadu, Karnataka and Himachal Pradesh.

At 2:50 p.m., the company’s shares gained 0.1% to trade at Rs 34.85 on the Bombay Stock Exchange (BSE).

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