CK Birla Group arm Avtec to invest Rs 600 crore in EV, BS-VI tech
The CK Birla Group�s engine and transmission manufacturing firm, Avtec, plans to invest Rs 600 crore in the next three years in new technologies around electric vehicles and components like engines that meet BS-VI emission standards as it aims for a two-and-half fold increase in revenue.
The investment � it excludes the Rs 500 crore it is investing in PSA-Avtec Powertrain, an equally owned joint venture with French automaker PSA � will enable the company to boost its revenue.
here is company details.
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