Brakes India, a leading manufacturer and exporter of braking systems, has announced plans to sustain an annual capital expenditure of ₹250-300 crore over the next five years, driven by favorable growth opportunities. The company anticipates faster growth in international markets compared to domestic business in the medium to long term.

In FY25, capex is expected to be higher due to new projects. "We typically invest ₹250-300 crore annually. Given our growth projections, we will need to maintain this investment. However, capex might be higher this year due to capacity expansions in the foundry and the Advics JV. Over a five-year plan, our CapEx will exceed ₹1,000 crore, and we remain committed to this expansion strategy,” said Sriram Viji, Managing Director of Brakes India.

The company, which operates one of the largest iron foundry capacities in India, is doubling the foundry capacity in Gujarat to 60,000 tonnes, expected to be commissioned this fiscal year. Brakes India supplies brakes for three out of four buses and trucks in India, and its iron castings division provides parts for one in every three cars in Europe.

Viji emphasized the company’s commitment to reaching its five-year target, stating that domestic business is expected to double and exports to triple over five years. “The growth roadmap is absolutely on track. The first three years of the program have gone extremely well. While we see some slowdown in the domestic market, we are still quite optimistic about getting close to that doubling target. Our focus on international markets remains strong,” he added.