TVS Motor is working towards increasing its production capacity from the current 21 lakh to 28 lakh units with an investment of Rs 200 crore. As part of its international plans, the company plans to set up a design centre in Indonesia where it has a manufacturing facility.
This was announced by the company chairman Venu Srinivasan told reporters on the sidelines of the SIAM summit in New Delhi. He added that the company expects to sell 18 lakh two wheelers in the domestic market and export 2.5 lakh units this year. It also expects three wheeler sales to be in the range of 50,000 units.

Commenting on the Indonesian facility, Srinivasan said TVS expects it to break even by next year. In further plans, he announced that Brazil, where the company currently has an assembly unit, will become the hub for Latin America. Exports to other ASEAN countries, Sri Lanka and Bangladesh was also likely, he added.

"We have a capacity of assembling 50,000 units in Brazil per year. We want this to be the hub of Latin America and supply to countries like Columbia, which is an interesting market," Srinivasan said.


Source: TVS Motor to invest Rs 200 crore for higher production-WheelsUnplugged Automobile Industry News)