Monday, 5 August 2013

TVS expands beyond Indian borders. Plans to set up manufacturing facility in Uganda

AMPALA: TVS Motor Company today said it plans to set up manufacturing footprint in Uganda, besides launching two new motorcycle models in the African nation, as the company aims to have 25 per cent market share in the country.
In keeping with its commitment to serve Ugandan customers, the company plans to set up an assembly line in that country, TVS Motor Company said in a statement.
"The company will also launch two new motorcycles models for Uganda. These motorcycles will be specific to the Ugandan markets in terms of usability and durability," it added.
Commenting on the development, TVS Motor Company President and CEO, KN Radhakrishnan, said the company has reaffirmed its commitment to the Ugandan customer with the opening of its distributor Yuvaraj International Uganda Ltd.