Tata Motors to invest Rs 10,000cr for expansion

Tata Motors is planning to invest Rs 10,000-12,000 crore in India over the next three-four years for augmenting capacities and launch new products, Ravi Kant, managing director of Tata Motors, said today. 
 

The company is targetting Russia and China for vehicle sales and component sourcing, respectively, he added.

"The company is looking at developing Russia as an important market for selling as it is a large market. On the other hand, the company is looking at China for increased component sourcing to bring down costs of vehicle development in India," Kant said. 

Kant refused to comment on reports that Tata Motors had roped in Fiat as a partner for its ambitious Rs 1 lakh car project. "The two companies are always looking at synergising operations under the agreement that we have. However, I cannot comment on the small car project," Kant said.