Foundry Informatics Center, New Delhi

Home »News and Events

TATA Motors to invest INR 100 billion in 4 years

Mr Ravi Kant MD of TATA Motors said that it plans to spend INR 100 billion over the next 4 years to upgrade existing manufacturing plants across India.

He said that "This would aid the launch of 100 new products and variants in that period. The launch of new products would help us improve market share and tackle tough market conditions, hit by rising input costs and inflation."

It would raise about INR 72 billion through three simultaneous but unlinked rights issues to finance its purchase of Jaguar and Land Rover.

Mr C Ramakrishan CFO of TATA Motors said that "We are also considering a further USD 500 million issue of securities in the overseas market. These funding proposals will be used mainly to finance the Jaguar Land Rover acquisition."

« Back