More Than 40% Capex Will Be Earmarked To Develop Advanced Tech: Girish Wagh, Tata Motors
There's more from the company. Well, Girish Wagh, the Executive Director of Tara Motors, also spoke about the CapEx plans and industry growth and the expectations from the Union Budget listening. In Tata Motors commercial vehicle business, we have given a guidance of around 2 to 4% of the revenue will be our capital expenditure. Over the years, the amount that we have been spending on advanced technologies, addressing the mega trends of autonomous connected electrification software, digital has been consistently increasing. And I think in fact this year more than 40% of our capital expenditure will actually go on. These technologies and developing our products and services in alignment with this Ted trends. As far as commercial vehicles is concerned, the government's push on the infrastructure has been very, very beneficial. So we expect the government to continue that and that's the stated intent also. Secondly, I think the government has also been very supportive on electrification with both demand and supply side incentives whether it is Fame PLIGST. So we expect those also to continue and in some important.