Tata Motors to Invest Rs 16,000 Crore in 4 Years

Tata Motors is now planning to invest Rs 14,000 crore in the next four year. Tata Group’s Chairman Cyrus Mistry in the Annual General Meeting (AGM) of Tata Group, told shareholders that the company will invest 14,000 crore in next four years. In the domestic market, the automaker will increase its capital expenditure and will invest Rs 3,500 to Rs 4,000 crore per year for the next four years. The majority of the fund will be used in developing new products, upgrading its technology and expanding the dealership network.

Its not a hidden fact that from past couple of years, Tata Motors is going through a rough patch. Though with the upcoming launches, the automaker is looking to get back into the game. Tata’s upcoming compact sedan Zest is getting a huge response from the customers. The bookings of Zest have already commenced with an upfront payment of Rs 21,000. The car embraces segment first projector headlamps with LED parking lights and continuous strip LED tailamps, 5-inch touchscreen infotainment system by Harman and multi mode drives featuring Spots, Eco and City drive. The music system comes with USB, SD card, Bluetooth and iPod connectivity and is powered by 8-speaker system. Tata Zest also boosts automatic climate control with touch inputs. The petrol model of Zest carries 1.2-litre Revotron, Multi-Point-Fuel-Injection (MPFI) turbo-charged engine while the diesel model houses 1.3-litre, Quadrajet diesel powertrain.

Even the Chairman Mistry admitted that Tata Motors is falling behind as he said, “Clearly India (business) has not done well and we need to accept that. I think, the market itself has not been good, but performance could have been better. There is a lot of transformational work being done now, which will take time to take effect.”

After the Zest launch, the automaker will introduce its hatch Bolt which will lock horns with Maruti Suzuki Swift, Hyundai Grand i10 and Honda Brio.