TVS will grow faster than industry both in domestic and global markets: CEO

Company confident on maintaining EBITDA growth momentum on the backdrop of better product mix, cost management and exports

TVS Motor has said that capex for the FY21 would be around Rs 500 crore and it will go towards new product development and technology among others. The company will also be supporting Norton, the UK brand which was acquired by the company early this year and the company's credit arm TVS Credit.

Meanwhile TVS EBITDA during the second quarter rose to 9.3 per cent from 8.8 per cent, last year, and the company is optimistic about maintaining the momentum on the backdrop of a series of initiatives it has taken.

K N Radhakrishnan, Director and Chief Executive Officer, TVS