TVS Motor to pump in Rs 450 cr to ramp up capacity
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.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.