Day: May 29, 2020

TVS Motor trims capex by 58% for FY’21 to Rs 300 crore, Auto News, ET Auto

TVS provided Rs 22 crore towards one-time additional discount to liquidate BS-IV vehicles during conclusion March 2020 and the very same is netted off from the earnings described in the existing quarter.
TVS provided Rs 22 crore in the direction of one-time extra discounted to liquidate BS-IV vehicles during conclusion March 2020 and the very same is netted off from the earnings described in the existing quarter.

New Delhi: Dwelling-grown two-wheeler business TVS Motor reported it will make investments Rs three hundred crore of capital expenditure in the money yr 2020-21.

The planned capex for existing fiscal is fifty eight.2 per cent significantly less than final year’s capex of Rs 719 crore.

“This yr also we will keep on to emphasis on income. Our CapEx, together with all new product or service advancement has been — as of now will be close to Rs three hundred crore,” reported K. N. Radhakrishnan, TVS Motor Enterprise Confined – President, CEO in an analyst simply call introducing that “we are cautiously optimistic about the second fifty percent.”

Requested about the potential utilisation Radhakrishnan reported as

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