Indian firm TVS Motor Company is building a motorcycle plant worth of 43 million U.S. dollars in Karawang of Indonesia, an executive said Friday.

"The construction of our motorcycle plant in Karawang aims to fill the growing demand of local market," TVS director BLP Simha said.

Occupying an area of 40 hectares in western Java town, the plant targets initial production of 120,000 units in August from the installed capacity of 300,000 units.

The plant will produce moped motorcycle of 100 cc to 125 cc and sports model of 150 cc to 250 cc, which enjoy high demand here.

In order to win market share on the crowded market, the company will establish partnership with leading financing firms in Indonesia and build 70 dealerships across the country.

TVS Motor Company Limited is a subsidiary of TVS Group, India's third largest motorcycle manufacturer with assets of 2.2 billion dollars.

Source: Xinhua