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Thursday, September 07, 2006

Tata Motors to invest in expansion

National News : Tata MotorsTata Motors will invest Rs 12,000 crore over four years in expanding capacity, company Managing Director Ravi Kant told reporters here today. Mr Kant said the company is looking at overseas markets like South Africa, West Asia and others, only after satisfying its projected demand in the domestic market by March next year.

''Tata Motors is looking at selling its buses and trucks via three Russian firms.'' The company also plans to roll out a semi-commercial vehicle 'world truck' to be launched first in Korea by 2008.

The funding will be done through internal accruals, Mr Kant said, adding that the company might borrow if needed.

Tata Motors sold 6000 vehicles last month.


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