7.7.10

Tata Motors to invest Rs 10k cr in three years


As part of its strategy to expand domestic and global footprints, Tata Motors said it will invest around Rs 10,000 crore in the next 2-3 years on product development, facility modernisation and other capex purposes. Seeking shareholders’ nod through a postal ballot to raise up to Rs 4,700 crore long-term funds, among others, Tata Motors said it has plans for expanding product range and increasing presence in the domestic and global markets in both commercial and passenger vehicle segments. “As part of its growth strategy for the domestic and international markets, the company plans to incur about Rs 10,000 crore in the next 2-3 years towards product development, capital expansion in capacity enhancement, plant renewal and modernisation and other growth opportunities,” it said.

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