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.
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Bajaj also planning to open any factory to facility two or three-wheelers like Waluj and expands production in its Chandan plant.
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The capital expenditure (CapEx) of Bajaj for Fy 23 is the highest investment done by the company in the EV sector.
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Last two years, bajaj Auto spent Rs 620 crore in FY22 and Rs .183 crore as CAPEX in FY21.
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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.
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