TI Cycles' new unit in Punjab will be inaugurated tomorrow

Plant has been built at a cost of Rs 105 cr and can churn out 250,000 cycles a month

TI Cycles of India, a bicycle manufacturer and part of the Murugappa Group, will inaugurate its new bicycle manufacturing plant in Rajpura, Punjab. This factory has been set up to cater to the growing demand in the north- and east-Indian markets.

The plant has been built at a cost of around Rs 105 crore and has the capacity to manufacture 250,000 cycles per month, with the ability to expand when required.

The plant will have three modern painting lines with German applicators. This new plant at Rajpura will further enhance the company's ability to bring in innovative new products to cater to changing consumer needs. It will also help the company to continually improve the quality of its products on par with best in the world, said the company.

Located in Sandharsi village, Rajpura Tehsil of Patiala District Punjab, this plant has been set up with the support of the Punjab Bureau of Investment Promotion. Apart from contributing to the development of the ancillary industry in Punjab, this will also offer employment opportunities (both direct and indirect) to around 3000 people.