The Hindu Business Line : TVS Motor plans to invest Rs 1,200 cr in five years

TVS Motor Co intends to invest Rs 1,200 crore over the next five years. The investments will be in "the company's major business of two-wheelers, its foray into international markets as well as in autorickshaws".

In a press release, the company has said it intends to produce three- and four-wheeler autorickshaws, called `quadricycles'.

The release stressed that the quadricycle, while being a four-wheeler, is no car.

The power of the quadricycle is limited to 20 bhp, which is around 40 per cent of the power of a small car.

Further, the top speed is limited to 70 kmph.

"The engine power of these vehicles therefore places severe limitations on the number of passengers and the load that it can carry, as well as limiting the options of accessories such as air-conditioning, heating and other electrical amenities," the release said.

It also pointed out that speed limitation would also severely limit the applications to which the vehicles could be put to.

Meanwhile, officials sources said the company is sponsoring a major show in Chennai.

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TVS Motor plans to invest Rs 1,200 cr in five years