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TVS Motors is going to invest Rs 500 crore into operations this year and aims to launch high powered motorcycle and a scooter as well as develop a new generation engine.
The capital expenditure that has been earmarked by the company for this year is higher than the previous year as the company gears up to build on its strengths that is scooters and its partnership with German giant BMW for premium motorcycles.
The increased spend will also encompass boosting the plant capacity at its three locations besides the new launches, the company has surpassed Bajaj Auto in two-wheeler sales last year to become the third biggest and will thus be increasing the two wheeler capacity to nearly 4.5 million from the present 3.5 million.
