Leading two- and three-wheeler manufacturer TVS Motor Company announced its highest-ever quarterly revenue, EBITDA, and profit after tax recorded for the April-June 2022 period while indicating a total spend of approximately $1,150 crore this fiscal, which will include capex and investments in subsidiaries.
This fiscal year, the firm has planned a capex of 750 crore, which it would utilise to continue funding the development of new goods, technological advancements, and capacity expansion. In the upcoming months, the business plans to release a number of additional goods, including electric two- and three-wheelers.
“Next 24 months will be an important phase for us as we will roll out a new set of products across customer segments,” KN Radhakrishnan, Director & CEO of TVS Motor Company, said during the company’s Q1 FY23 conference call.
