Published On:August 20 2014
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Tata Motors to invest Rs. 3,500 crore in new products.
Tata Motors will invest upto Rs. 3,500 crore into the development of new products over the current year, which will be divided between the passenger and commercial vehicles divisions, Tata Motors Senior Vice-President (Programme Planning and Project Management) Girish Wagh said recently.
In a bid to regain market share and fuel growth in the domestic business, Tata Motors will launch one or two new products in the passenger vehicle segment every year. 'The company has a product pipeline on hand till 2020 across segments,' Wagh said. It plans to launch the hatchback Bolt by the end of the year.