RS. 750 Crore , Bajaj Auto plans to invest Rs .750 crore in the EV sector

DYNABEAST 5 Nov 2022

Bajaj Auto announced the investment of 750crore in current expenditure in the final year FY23 as per the Autocar report.

Bajaj also planning to open any factory to facility two or three-wheelers like Waluj and expands production in its Chandan plant.

The capital expenditure (CapEx) of Bajaj for Fy 23 is the highest investment done by the company in the EV sector.

Last two years, bajaj Auto spent Rs 620 crore in FY22 and Rs .183 crore as CAPEX in FY21.

Chief Financial Officer (CFO), Dinesh Thapar, said Bajaj Auto the current investment is a step up over the past. “Capex for the first half is closer to about Rs 335-340 crore.