I am cautiously optimistic about demand revival in H2: TVS Motor CEO

While the company expects to outdo the industry on domestic sales and exports, its capex in the current year is likely to come down substantially

The management at TVS Motor has said that it is cautiously optimistic about demand revival in the second half of the year, especially with the rural market improving. The company expects its growth will be better than the industry's in both, the domestic and export markets.

The company's capex for 2020-21, would be around Rs 300 crore, as against Rs 719 core in 2019-20. 

Covid impact

For the quarter ended March 31, 2020, the two-wheeler industry continued to decline due to lower economic growth and lack