-6.00 (-1.74%) Country’s largest automotive company, Tata Motors is reportedly planning to add 500,000 ace mini truck and vans to its annual capacity within a couple of years, taking its total small commercial vehicle production capacity to over a million. This capacity addition will be in its plant in Dharwad, Karnataka.
At present, the company holds around three-fourth of India's small commercial vehicle market. It has a 500,000-units-a-year plant in Pantnagar in Uttarakhand for the sub-1 tonne Ace truck and Magic vans, and recently commissioned a 90,000-unit plant in Dharwad for the half-tonne truck Zip and van Iris.