TATA Motors to invest Rs 100 billion in 2 to 3 yrs
According to TATA Motors, it will invest approx Rs 100 billion in the next 2 to 3 years on product development, facility modernization and other CAPEX purposes.
Seeking shareholders' approval through a postal ballot to raise up to INR 47 billion long term funds, among others, the company said it has plans for expanding product range and increase presence in the domestic and global markets in both commercial and passenger vehicle segments.
As a future strategy for the domestic and international markets, the company envisages investments to the tune of approx Rs 100 billion in the next 2 to 3 years towards product development, capital expenditure in capacity enhancement, plant modernization etc
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