Italian bikemaker Benelli to set up plant near Hyderabad
Chinese-owned Italian superbike maker Benelli has signed a Memorandum of Understanding with the Telangana government and Mahavir Group to set up a manufacturing unit near Hyderabad. The partnership entitles Mahavir Group to assemble and manufacture Benelli bikes and also import the bikes. Benelli bikes are now available as completely built units (CBUs), which attract 100% import duty.