Jakarta (ANTARA News/Asia Pulse) - Indian motorcycle maker TVS Motor Company Ltd (BSE:532343) launched production in Indonesia yesterday.
The factory with an annual production capacity of 300,000 units of motorcycles, built at a cost of US$50 million, is designed to be the production base for TVS motorcycles in Southeast Asia, TVS chairperson Venu Srinivasan said.
The factory under PT TVS Motor Company Indonesia, located in the Karawang industrial estate, is TVS's first production unit outside India. TVS will increase investment in its Indonesian unit to US$100 million in 2010.
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