on 20, Jul 2015

Tata Motors is investing heavily to roll out a slew of new models in the passenger and commercial vehicle segments, as also in new technologies to address the varying customer needs so as to make the company future-ready, chairman Cyrus Mistry has said.

Tata Motors, which has been on a downward spiral for the past many years, has of late recouped some of the lost grounds with the three recent launches – the sedan Zest, the hatchback Bolt and the souped up Nano – which helped the company report high double digit sales numbers since January.

The company has already announced Rs 3,000-4,000 crore capital investments this fiscal to tap all segments, while the company will be spending a whopping 3.5 billion pounds in Jaguar Land Rover (JLR), which has been bringing in the entire profit for the group for the past some years.

JLR will launch the Jaguar XE and the Discovery Sport worldwide this year, Mistry said.

Source ET


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