Italian motorcycle-maker Benelli signs pact with Telangana to set up manufacturing facility

Italian motorcycle-maker Benelli has signed a Memorandum of Understanding (MoU) with the Telangana government to set up a manufacturing facility at Medichal, Pochampally, Hyderabad. Under the agreement with Adishwar Auto Ride India (AARI), a subsidiary of Mahavir Group, the assembly plant on 3 acres in Kompally is expected to become operational by October 2018. It will have a capacity to assemble 10,000 bikes and begin with around 100 employees. The partnership entitles AARI to assemble, manufacture bikes and import exclusive range of Benelli bikes from Italy and South East Asia regions. Established in 1911, Benelli is one of the oldest Italian motorcycle-manufacturer and has a presence in over 60 countries such as America, Africa, Europe and Asia Pacific regions.

Month: Current Affairs - December, 2020