INDIAN TWO-WHEELER COMPANIES LINE UP Rs 10,000 CRORE CAPEX FOR CAPACITY EXPANSION

Two-wheeler manufacturers in India across electric and internal combustion engine (ICE) segments have lined up near-term capital expenditure of about Rs 10,000 crore, including the current financial year, towards capacity expansion. The expansion plans come despite supply chain disruptions arising from ongoing geopolitical tensions in West Asia and a moderate growth outlook for the current fiscal. $TVSMOTOR has earmarked Rs 3,500 crore in capex for FY27 as it will add 1.5 million units of two-and three-wheeler capacity during the current fiscal. $HEROMOTOCO has also lined up Rs 1,500 crore of capital expenditure for FY27. The company currently sells around 60,000 scooters a month and aims to nearly double the figure to reach monthly production of around 100,000 units. $EICHERMOT is investing Rs 2,200 crore in Andhra Pradesh for a new manufacturing facility of Royal Enfield motorcycles. $OLAELEC has approved Rs 2,000 crore of investments into it's electric vehicles and battery cell manufacturing subsidiaries towards capacity expansion.