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.

BS