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TVS arrays Rs 350-crore capex, plans two launches for 2017

TVS arrays Rs 350-crore capex, plans two launches for 2017

Wednesday, March 22, 2017, 2:26 PM

Two-wheeler manufacturer TVS Motor is confident that the company will surpass industry growth estimated at an 8-10% clip in the forthcoming fiscal to cross the 15% market-share mark. President and CEO KN Radhakrishnan said, The company will invest Rs 350 crore in capital expenditure, garnered through internal accruals, and launch one scooter and one motorcycle in the next fiscal.
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