Tata will invest £755 million to boost its production capacity in the next five years.
The Indian carmaker plans to invest £755 million into its Pune plant, add new products and build vehicle testing facilities, announced Tata Managing Director Ravi Kant at a press conference. Kant said that the investment will help to increase capacity in its Pune plant by about 40% to over 600,000 units a year.
The company has also announced that it will raise a debt of £2 billion for its local and overseas expansion plans. Tata Motors is India’s largest vehicle maker, with revenues of £3.6 billion in 2006-07.
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