TVS Motor Company is charting out ambitious growth plans for FY17 that includes a capex of Rs 400 crore and market share growth, aided by its new and refreshed product portfolio.
The company is planning to increase its two-wheeler capacity from 3.5 million units a year to about 4.4 million units by the end of this fiscal. Also, it is looking at increasing the capacity of three wheelers to about 200,000 units from 120,000 units in due course.
TVS Motor Company is an India-based company that manufactures motorcycles, scooters, mopeds, three wheelers, parts and accessories.