Iconic British motorcycle manufacturer Triumph recently signed a memorandum of understanding (MoU) with the Karnataka state government. According to our sources, Triumph has been allotted 30-40 acres of land at Narsapura, Karnataka to build an assembly plant which will commence production in the near future. The site holds strategic importance since it is situated near the port, where there is a growing congregation of auto and auto ancillary units.
Triumph has committed to an investment of Rs 400 crore to the state to set up the new plant and other operations. The state government is currently formulating tax-related as well as other benefits for the company. Triumph has already unveiled a seven-motorcycle-strong model line-up for India, announcing sensible indicative prices for these motorcycles during the Auto Expo in January 2012, ranging from the classic Bonneville to their massive Rocket III Roadster.
Issue: 166 | June 2013
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