TVS Motor to outsource vehicle assembling in KolkataJune 4th, 2008 - 11:16 pm ICT by IANS
Chennai, June 4 (IANS) Two-wheeler maker TVS Motor Co Ltd announced Wednesday that it has signed a memorandum of understanding (MoU) with the Kolkata-based Mahabharat Motors Manufacturing Co Ltd for contract manufacturing. TVS Motor will provide technical support for the construction of the factory that will come up in Uluberia near Kolkata.
Company officials were not available for comment on the economic rationale of outsourcing work instead of setting up its own plant.
TVS Motor currently has manufacturing locations in Tamil Nadu, Karnataka and Himachal Pradesh.