TVS Motor Company will be infusing INR 500 crore into its Indian operations this year reveals a Money Control report. The company will be launching a fully faired motorcycle and an automatic scooter. The company is also working on developing a new generation engine.
Previously, the company’s capital expenditure has ranged between INR 300 to INR 400 crore. Back in 2014 their capex was at INR 250 crores. The company is working on the design and development of a new generation concept engine. Besides, it is also working on the design, development and production of a new engine for its international business.
Talks about the new engine might be related to the new generation TVS Apache RTR 160. The bike was seen testing in India with a new powerplant and an oil cooler. It gains a design features of the TVS Apache RTR 200 4V and a monoshock rear suspension.
On the new scooter, it will help the company further consolidate its market share in the country. In the first quarter of the financial year 2017-18, volumes for TVS scooters were at 2.49 lakh units. The strong performance by the TVS Jupiter has helped the company capture a market share of 15.12 percent, overtaking Hero MotoCorp’s scooter business.
The company is also gearing up to launch the TVS Apache RR 310S, a faired, performance oriented bike developed on the platform of BMW Motorrad. The bike will be available later this year.