Heavy demand in auto sector, car companies will invest Rs 65,000 crore to increase production


Rohan Kanwar Gupta, vice-president and area head, company scores, ICRA, mentioned OEMs are additionally budgeting for substantial spending on new product launches. This consists of growth of capability/dedicated platforms for electrical autos. With this, OEMs can spend greater than Rs 65,000 crore between the monetary years 2022-23 to 2024-25. He mentioned that a number of OEMs have already introduced a complete outlay of over Rs 250 billion to develop manufacturing capability within the subsequent few monetary years.

Click Here To Join Our Telegram Channel

In case you have any considerations or complaints relating to this text, please tell us and the article might be eliminated quickly. 

Raise A Concern