Carmakers plan ₹40,000 crore capex amid demand surge
after close1 source ↓written by the desknot a recommendation
- this fiscal year
- ₹40,000 crore
- for 500
- ₹14,000 crore
- for new SUVs
- ₹7,500 crore
Major Indian automakers, including Maruti Suzuki, Hyundai, Mahindra & Mahindra, Tata Motors, and Hero MotoCorp, are set to invest ₹40,000 crore this fiscal year to boost production capacity amid rising domestic demand. Maruti plans ₹14,000 crore for 500,000 cars, while Hyundai allocates ₹7,500 crore for new SUVs. This capex surge reflects confidence despite geopolitical concerns.
Not investment advice. For informational purposes only.