TVS Motors to invest Rs 500 cr in operations and new launches

Tuesday, Jul 18, 2017

Chennai-based automaker TVS Motors will invest Rs 500 crore for launching new products and improving operations. In a news report of moneycontrol, a TVS spokesperson confirmed that the company will spend Rs 500 crore this year.

However, the spokesperson declined to comment on any speculation on new product launches.

The media report stated that the company will launch a high-end motorcycle, scooter and new generation engine this year.

It also said the company has increased this years capital expenditure that is higher than the previous years to strengthen the product portfolio and operations.

Until the previous year the company used to spend Rs 300-400 crore on an average as capital expenditure.

Apart from the new launches, the company plans to expand production capacity of its three plants. In the first quarter, the company outsold Hero MotorCorp in domestic scooter sales to become the second largest scooter seller in India.

To keep the growth momentum going, the company has lined up new launches in the scooter segment. The Company also recently introduced fresh colours for both TVS WEGO and TVS Jupiter with the latter offering the most colour selections in the entire scooter segment.

The company has also launched a new matte colour series for TVS Scooty Zest 110 and new colours for TVS Scooty Pep+ as well. Additionally, it will be launching an all-new scooter this fiscal.

The new edition is exclusively available in the disc brake variant of the scooter and will be retailed at Rs 59,063 (ex-showroom).

TVS Motors has tied-up with BMW Motorrad to develop and manufacture bikes under 500cc displacement.

Under the tie-up, the company has already started producing and exporting BMW G310R. On the same platform, the company will launch a new motorcycle under the TVS brand in this financial year. The company has sold 228,518 units in the month of June growing at 10.39%.

Other News