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Indonesia might get the TVS R&D setup facility

TVS Motors in a recent announcement declared that they will be investing around 400c crores in spread over the next two years to double its current manufacturing capacity to a commendable 4 million units per annum in the Indian market. The supposed investment will be funded through debt and internal accruals. In the current scenario, company exports about 7-8% of its sales, and this number can... 

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Press Release: Bajaj Auto reports 55% growth in August sales

Pune-based auto maker Bajaj Auto has reported a growth of 55% in its monthly sales for August 2010. The company has sold total 3,29,364 units in August 2010 as compared to 2,13,072 units in August 2009. Motorcycles and three wheelers sales of the company grew by 59% and 34% to 2,89,176 units and 40,188 units, respectively, during the month under review over the year ago period, while Export sales... 
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