TVS Motor Company has earmarked Rs 450 crore capex for the current fiscal for various activities including expansion of production capacity to around 45 lakh units per annum.
The two-wheeler major also aims to introduce various refreshes of its existing product portfolio in the period leading up to the festive season.
"We have earmarked a capex of Rs 450 crore for the current fiscal. It will mainly go into increase in capacity production and R&D activities," TVS Motors CFO and Executive Vice-President Finance S G Murali told
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)