Tata Motors to fuel business with Rs 4,000-crore investment

Tata Motors reiterated its turnaround plan focused on cost reduction, new products

Saddled with losses in its domestic commercial and passenger vehicle business, home-grown auto major Tata Motors on Monday reiterated its turnaround plan focused on cost reduction, new products, and bringing in efficiencies in the supply chain.

The company said it would invest Rs 4,000 crore this year. Of that Rs 2,500 crore will go to the passenger vehicle business.

Calling the commercial vehicle (CV) its ‘backbone’, the company said it would invest Rs 1,500 crore in the business over the next few years.

Guenter Butschek, managing director, said the company had been “far too complacent” and this allowed competitors to