Tata Motors to invest Rs 8,000 crore

Tata Motors to invest Rs 8,000 croreTata Motors, India based largest automobile company, is searching options to pump approximately Rs 8,000 crore during the next three-four years on capital expenditure and product development.

According to the company, the money is likely to be spent on introducing new models and scaling up its operations.

Under the proposed plan, Tata Motors is envisaging to put special focus on its car division, where it has lined up a series of new launches entailing a new Indigo sedan, a new crossover model and some next-generation versions of its sports utility vehicles (SUV) Sumo and Safari.

As per reports in media, Tata Motors is also likely to go for capacity expansion of its plant located at Pantnagar in order to cater for Light Commercial Vehicles.

The sources informed that Tata Motors had clocked 57.54% jump in its net profit at Rs 513.76 crore for the quarter ended June 30, despite sales have witnessed a slump of 7.6% year-on-year.