TVS Motor confident of growing faster than industry, says CEO Radhakrishnan

On the outlook, he said, the company will invest around Rs 500 crore in Fiscal 2022 in product development, technology, marketing, international expansion among others

TVS Motor has said that it will maintain a capex of around Rs 500 crore in 2021-22 towards developing new products and technology. The company also said that it will continue to focus on premiumisation, better product mix, cost reduction initiatives to maintain EBITDA growth. The management is also confident that the company will grow faster than industry in both domestic production and exports.
 

During the third quarter ended December 31, 2020, TVS reported the highest ever profit of Rs 266 crore as compared to Rs 121.07 crore reported last year, driven by healthy operating performance. Revenue rose 31 per