TVS Motors to invest Rs 500crore for development of new-gen scooter and Akula 310

Chennai based TVS Motor Co. will be making an investment of Rs 500 crore at its facility. This investment will be primarily used in the development of an all-new scooter, a new-generation engine and also the company's flagship motorcycle that might be called Akula 310 or Apache RR.

Previously, TVS Motor Co. used to spend in the range of Rs 300-400crore as capital expenditure every year. The same was in the region of Rs 250 crore three years ago. The higher investment of Rs 500 crore that the company is planning to make will be used...


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