INDIA: Tata Motors invests for new product offensive
Tata Motors will invest up to INR 60 billion (€1.1 billion) in its automotive operations by 2009. The majority of this money will be spent in new product development including the ambitious INR 100,000 car. Tata Motors' current line-up of passenger vehicles is reaching the end of their lifecycle and the company needs to speed up the work on new platform development.
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