As part of its strategy to expand domestic and global footprints, TATA Motors said that it will invest about INR 100 billion in the next 2 to 3 years on product development, facility modernization and other CAPEX purposes.
Seeking shareholders` approval through a postal ballot to raise up to INR 47 billion long term funds, among others, the company said it has plans for expanding product range and increase presence in the domestic and global markets in both commercial and passenger vehicle segments.
As a part of its future growth strategy for the domestic and international markets, the company plans to incur about INR 100 billion in the next 2 to 3 years towards product development, capital expenditure in capacity enhancement, plant renewal and modernization and other meaningful growth opportunities.
