Tata Motors, the country’s largest automotive manufacturer, has allocated Rs.38, 800 crore as capital expenditure for the current financial year. This is an 11.20 per cent increase over the Rs. 34,889 crore in FY 2015. The company will invest on new products and technology, including for its British subsidiary Jaguar Land Rover (JLR).
The company has purchased 62 acres of land to double the size of its Advanced Design and Engineering Centre in Whitney, UK. Additional, its National Automation Innovation Centre (NAIC), which will be a technology hub for the JLR research team, will open in spring 2017.
Tata Motors is India's largest automobile company, is the leader in commercial vehicles in each segment, and among the top in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. It is also the world's fourth largest truck and bus manufacturer.
| Company Name | CMP |
|---|---|
| Tata MotorsPassenger | 338.10 |
| Maruti Suzuki India | 13859.25 |
| Mahindra & Mahindra | 3129.15 |
| Hyundai Motor India | 1983.00 |
| Mercury Ev-Tech | 35.58 |
| View more.. | |
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