Avis India plans ₹550 crore FY27 capex

Avis India, a company that rents and leases cars, is planning to spend a lot of money (₹550 crore) in the next financial year to buy more cars.

They want to make more money (₹700 crore) by renting and leasing these cars to companies and people.

They already have about 12,000 cars and are adding more because many companies want to lease cars instead of buying them.

They are also thinking about adding electric cars, but they are not sure yet because electric cars are more expensive and might not be used as much.

Avis India is doing well and wants to keep growing.