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Tata Motors to invest Rs. 6,885 crore in India over 3 years

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Tata Motors is planning to invest Rs. 6,885 crore into its passenger vehicle (PV) business in India over the next 3 years. It is said to be the biggest investment the company has made in its PV business. 

The company plans to set up new manufacturing lines at its Pune and Sanand plants. Both facilities are being upgraded for the production of future products based on the new Omega and Alfa modular platforms. A new assembly line is being installed at J Block in the Pune plant for the upcoming SUVs.

According to media reports, Tata Motors plans to launch 10-12 new models based on the two new modular platforms over the next 3-5 years. The carmaker is aiming to break into the top 3 PV makers by end of FY-2019 and cover over 95% of the Indian PV market in the years to come.

Tata Motors also plans to overhaul its sales and marketing infrastructure.

Source: Economic Times

 
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