Auto companies capex set to cross $3 billion in FY23 - Business News: Latest News & Videos about market and economy | Trendmergers

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Auto companies capex set to cross $3 billion in FY23

​​​​The automotive market capex is set to cross $3 billion, or ₹27,000 crore, in FY23, posting a growth of 24% as per estimates by Axis Capital. The forecast capital investment of auto companies in FY23 will surpass the pre-Covid capex peak of ₹26,800 crore in FY20.

from Industry-Economic Times
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