chennai the automotive industry which has clocked a 6 growth in industrial capex in the fy1217 period is estimated to clock another 5 growth in the fy1721 already top vehicle makers and component manufacturers are lining up significant capex for the transition to bs6 in 2020 and on product development thereafter hero motocorp for example has announced rs 2500 crore investment over two years including rs 800 crore in its new plant at sri city andhra pradesh mm has already announced rs 4000 crore investment per year for 3 years including rs 2500 crore for capex and another rs 1500 crore for investment as for tata motors late last year its ceo announced a rs 4000 crore capex including rs 2500 crore for passenger vehicles and rs 1500 crore for the truck and bus business passenger vehicle market leader maruti suzuki will also pump in rs 4000 crore each year in fy17 as well as the soon to start financial year mostly on product development rd and network expansionmotowns capex growth has been slower in the past 6 years compared to before the sector totted up 35 capex growth in the fy20042012 period said a recent report by equity research firm motilal oswal and auto capex continues to be among the top 5 sectors since 2004 in the fy200412 period it came after infrastructure 61 capital goods and tmt 50 cement 46 and metals 38 in the fy1217 period auto came after pharma 24 tmt 21 oil gas 19 and capital goods 8 in the fy1721 period auto is expected to come after cement 9 oil and gas 8 and metals 7 top component majors too have lined up investments either for the bs6 migration or global orders or for the longer term electric mobility business motherson sumi for example has lined up around rs 2000rs 1800 crore of capex this year mnc tier 1 component maker bosch has been pumping in rs 650 800 crore annually and will continue to do so going forward