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Triumph Motorcycles-India plans to set up a manufacturing unit near Bangalore at a cost of Rs 215 crore.
The company's proposal got approved by the Karnataka State High Level Clearance Committee (SHLCC). The committee has approved allotment of 30 acres of land at Narsapura Industrial Area in Kolar district.
Triumph Motorcycles is an iconic British motorcycle brand which has entered Indian market with distinctive motorcycles.
The company at the 11th Auto Expo in Delhi showcased model range for the Indian market which include the parallel-twin, Bonneville, the iconic naked roadsters Speed Triple and Street Triple, the off-roader Tiger 800XC, class-leading supersport bike Daytona 675, and cruisers Storm and Rocket III.
Assembly and manufacture
According to the Karnataka Industries Department officials, the company is expected to both assemble and manufacture few models to suit the Indian market.
The SHLCC meet chaired by Chief Minister, Mr D. V. Sadananda Gowda, which cleared the proposal, has offered incentives and concessions as applicable in the industrial policy of the State, and has instructed to give employment to family members of the land losers.
KIADB has been instructed to supply 1.92 lakh litres a day (LPD) water and BESCOM to service power requirement of 4000 kva.
The company also has been told adhere to provide local employment in the project according to the Dr Sarojini Mahishi report.
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