|
Tata Motors said it would invest over Rs 60 billion($1.3 billion) in its different plant locations by 2010 for developments of its products and assets.M.D Ravi Kant of Tata Motors is reported to have said "The capital expenditure will be made to develop both the cars and commercial vehicles segment." Tata Motors, he said ,wants to be a dominant player in the heavy commercial vehicle segment and the vehicles would be targeted for the construction and mining sectors. Kant was speaking after the inaguration of the new factory(6,000 unit per year capacity) for manufacturing the next generation heavy commercial vehicle, named Tata Novus, which would be rolled out shortly. Tata Motors, has already localised most of the components and more localisation is in progress, Kant said.He said the commercial vehicles market would grow by 8-9 percent and is dependent on the growth of the road sector in th country.Tata Novus, comprising the tipper, dumpers and tractor models, is a collaborative effort by the engineers of Tata Motors and its wholly owned subsidiary Tata Daewoo Commercial vehicles (South Korea). |
|
|
|
|
| Posted : 12/8/2005 |
|
|
|
|
