TVS Motor would ramp up its existing operations of manufacturing two wheelers at Uluberia in Howrah over the next three years.

Mr Venu Srinivasan chairman of TVS on the concluding day of Bengal Leads 2012 told reporters that "We are going to increase production of motorcycles at the Uluberia plant from 1600 units per year to 240,000 units per year over a period of three years.” He said that total investment would around INR 400 crore to be spent over three years.

Earlier, TVS had entered into a JV with Mahabharat Motors of Universal Success to manufacture two wheelers on 44 acres of land.

Mr Srinivasan said that on the remaining 56 acres, the JV would set up an auto ancillary unit.

(Sourced from ET)