TVS Motor Company Launches Its Himachal Pradesh Plant
Company, India's premier two-wheeler manufacturer today reached another
milestone with the formal opening of its new manufacturing facility at
Nalagarh, Solan district in Himachal Pradesh. This new facility is
designed to support the production of the company's world-class two
TVS Motor Company's initial investment in this plant is estimated at Rs.
120 crores with a production capacity of 4,00,000 motorcycles a year
which can easily be scaled up to 6,00,000 per annum.
With the launch of the this plant, TVS Motor Company will have reduced
cost of transportation of vehicles as this facility will cater to all
the states in northern India, and parts of central India. This will also
help the company to improve their delivery time to the vast dealer
network already established in these areas and help the company increase
This facility will be another example of TVS Motor Company's excellence
in manufacturing in India. This facility, like its existing plant at
Hosur and Mysore will incorporate total flow management and just-in-time
methodology. The talented and skilled team members and skill enhancement
programmes are being reinforced to deliver top quality products for the
Further, this unit is eligible for fiscal benefits such as exemption
from excise duty on two wheelers and income tax on the profit accruing
from this unit.