your password has been reset successfully, Please login again.

Tata Motors to ascend business with Rs 4,000cr investment

Tata Motors plans to grow its operations by investing Rs 4,000 crore.
BY BEx Bureau
BusinessEx
Aug 22, 2017

Automobile major Tata Motors plans to start focusing on cost reduction, new products launch, and design, efficiency in supply chain management as well.

The automobile company has decided to endow Rs 4000 crore for development purposes. Out of this amount Rs 2500 will be utilized for its passenger vehicle business and the rest Rs 1500 crore will be used in its commercial vehicle business in the upcoming years.

Guenter Butschek, MD, said, The Company had been far too complacent and this allowed competitors to grow their market share. Over the past two-three years, Tata Motors, while remaining the biggest commercial vehicle maker, has lost its market share in certain segments to rivals. The company is targeting a 5% gain in market share in the CV business through a host of launches and improvement in retail, especially in micro cities.

The company currently holds the stake of 47.5% in medium and heavy CV while in the light CV division it holds the stake of 38%.

Tata Motors CFO CR Ramakrishnan said, The Company was targeting an improvement of more than Rs 1,500 crore in the bottom line at a stand-alone level. However, he refrained from specifying any timeline.

Please add your Comment
SIMILAR News
February 21, 2018
Capillary Technologies raises $20 million from existing investors Warburg Pincus and Sequoia Capital ...More
By Akshay Arora
February 21, 2018
B2B trading platform Udaan raises $50 million in Series B led by Lightspeed Venture Partners and Yu ...More
By Akshay Arora
February 21, 2018
Agri-tech startup Agricx Lab raises Rs.3.2 crore funding from Ankur Capital. ...More
By Akshay Arora
February 20, 2018
Fintech startup Aye Finance raises Rs.25 crore from Hinduja Leyland Finance and Intellegrow. ...More
By Akshay Arora
February 19, 2018
Bengaluru-based car rental platform Zoomcar secures $40 million funding from Mahindra and Mahindra t ...More
By Akshay Arora
February 07, 2018
Chennai-based logistics startup Genie acquires food delivery startup Dinein in all stock deal. ...More
By Akshay Arora
February 07, 2018
Joveo raises $5 million from Nexus Venture Partners in Series A funding round. ...More
By Akshay Arora
February 06, 2018
Bengaluru-based healthcare startup healthi secures $3.1 million funding in a round led by Montane Ve ...More
By Akshay Arora
February 06, 2018
RoboticsWare child company FarEye raises Rs.61.5 crore funding in Series C round of funding led by D ...More
By Akshay Arora
February 05, 2018
Energy storage systems ION Energy buys Freemens SAS in part cash and equity deal. ...More
By Akshay Arora
February 05, 2018
Pratilipi raises $4.3 million (Rs.28 crore) funding from Omidyar Network and some new as well as exi ...More
By Akshay Arora
February 01, 2018
Browserstack raises $50 million investment in series A round led by Accel Partners. ...More
By Akshay Arora