TVS Motors to start 2-wheeler plant in Indonesia


BOMBAY, Feb 23 (Reuters) - India's TVS Motor Co. Ltd. will invest $50 million in a new two-wheeler plant in Indonesia with a capacity of 120,000 vehicles, the company told the Bombay Stock Exchange on Wednesday. The company will also spend 1 billion rupees ($23 million) to enable its existing plant in the southern city of Mysore to make three-wheelers. The initial three-wheeler manufacturing capacity will be 100,000. TVS will also spend 900 million rupees on a new two-wheeler plant in the ...

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