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TVS Motor Sets Rs 3,500 Crore FY27 Capex, Lifts Capacity by 1.5 Million Units

The scale-up positions the company to gain share across scooters, electric two-wheelers and exports despite rising commodity and logistics costs.

TVS Ntorq 150
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TVS iQube S 4.7 kWh Variant

Overview

  • TVS said it will add 1.5 million units of annual capacity within 12 months, taking installed output to about 8.3 million vehicles a year.
  • The FY27 investment plan totals roughly Rs 3,500 crore, including about Rs 2,000 crore for new products and advanced engineering and over Rs 1,000 crore for factories and tooling.
  • Electric vehicle production stands near 40,000 units a month with a near-term target of about 50,000, which should ease wait times and widen model availability.
  • The Hosur plant will take a larger role in building future Norton motorcycles for global markets, and the company is assessing new sites in Gujarat, Madhya Pradesh, Karnataka and Tamil Nadu.
  • Brokerages expect market-share gains from EVs, premium bikes and exports after strong FY26 results, while cautioning about cost inflation and shipping delays.