TVS Motor To Expand Capacity

TVS Motor it will invest Rs. 200 crore by April 2011 to increase its production capacity to 28 lakh units. The company will also set up a design center in Indonesia where it has a manufacturing facility. There is an increasing demand for the company to meet from the existing 21 lakh units per annum. The company is looking to increase export to Sri Lanka, Bangladesh and ASEAN countries.