TVS to invest Rs 7 bn in 2018-19 towards product development and new tech

It was expected that the company will close the Fiscal 2017-18 with double-digit margin, but it stood at 7.5 per cent end of the fourth quarter.

Two-wheeler major TVS Motor is planning to invest around Rs 6-7 billion in 2018-19. The proposed capex will be towards product development and on new technologies.

K Gopala Desikan, Group Chief Financial Officer (CFO), TVS Motor Company Ltd said that the proposed capex of around Rs 6-7 billion includes investment in technologies, maintenance capex, new products and for BS-VI.

He refused to comment on upcoming products.

The company said its current capacity of 4.8 million units, for two-wheelers, would be sufficient to take care of next one year's growth.

KN Radhakrishnan, President and Chief Executive Officer, TVS Motor Company said