UPDATE 1-India's Bajaj Auto to invest $430 mln in new plant

Newswire

(Adds quote, share price, background) MUMBAI, Aug 28 (Reuters) - India's second-largest motorcycle maker Bajaj Auto Ltd. said on Monday it will invest 20 billion rupees ($430 million) in a new manufacturing plant in the western Indian state of Maharashtra. The plant would produce a total of 500,000 units of three-wheelers and four-wheelers, including a goods carrier, the company said. Bajaj Auto signed an initial agreement with the government of Maharashtra on Monday to acquire 250 ...

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