TVS Motor Company has earmarked a capex of Rs 450 crore for the current fiscal for various activities including expansion of production capacity to around 45 lakh units per annum. The company aims to increase annual production capacity across its three manufacturing plants in the country from the present around 40 lakh units to 45 lakh units.
The two-wheeler major also aims to introduce various refreshes of its existing product portfolio in the period leading up to the festive season.
TVS Motor Company is a leading two and three-wheeler manufacturer, and is the flagship company of the TVS Group.