Tata Motors To Invest Over Rs 40 Billion To Boost Car, Truck Sales
The company has committed to invest Rs 25 billion in its passenger vehicles unit, and will pump in more than Rs 15 billion in its commercial vehicles business this year
Tata Motors will invest more than Rs 40 billion to boost sales of its passenger and commercial vehicles, its chief executive said on Monday (21 August), as the Indian automaker looks to return to profit in its domestic business.
The company has committed to invest Rs 25 billion in its passenger vehicles unit, and will pump in more than Rs 15 billion in its commercial vehicles business this year and annually over coming years, chief executive Guenter Butschek told reporters in Mumbai.
Tata Motors, which owns the luxury Jaguar Land Rover brand, has been trying to turn around its loss-making domestic unit by modernising products, improving efficiency, cutting costs and streamlining its organisation and supplier base.
(Reuters)