Tata Motors is planning to rise up its budget to Rs 4,000 crore for growth of both the domestic and international markets.
Previously, the company invested Rs 13,000 crore over FY07-10 for capex plan. The company was primarily setting up a new plant at Uttarakhand for the mini-truck Ace, developing new platforms for the Indica and the Indigo and for building a new UV (utility vehicle) and a global truck platform.
Tata recently unveiled new vehicles such as the Indica Dicor, Indigo CS, Sumo Grande and Xenon, a pick-up truck at the Auto Expo. Besides this the company also unveiled its Rs 1-lakh car, “Nano”.
Under this joint venture with Fiat, the company is also setting up a new facility to cater the Fiat Punto and Linea. Tata is also manufacturing transmissions and engines at the cost of Rs 400 crore.
The company will also need Rs 8,000-10,000 crore to fund its acquisition of Jaguar and Land Rover from Ford.
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