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 Auto-Industry-Economic Times https://ift.tt/nbOPTQY