TVS Motor is planning to invest around Rs 350 crore during FY16. The proposed investment is to increase company's two-wheeler and three-wheeler manufacturing capacities, product development and toward the BMW project. The company is also planning to invest in its Indonesian arm and in its financial arm TVS Credit.
The company is planning to expand total two-wheeler manufacturing capacity to around 3-3.2 million units from the current 2.8 million units a year. Three wheeler capacity will be increased to 1.50 lakh units from one lakh units currently. Expansion will come mainly in Himachal Pradesh and Mysore plants.
TVS Motor Company is the flagship of the $7 billion Indian conglomerate, TVS Group which recently celebrated one hundred years in the automotive business in India.
| Company Name | CMP |
|---|---|
| Bajaj Auto | 9997.75 |
| Hero MotoCorp | 5100.45 |
| TVS Motor | 3492.00 |
| Eicher Motors | 7110.40 |
| Ather Energy | 934.70 |
| View more.. | |
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