Tata Motors to invest Rs6,000 cr in Pune facilities

Tata Motors to invest Rs6,000 cr in Pune facilities
PTI
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First Published: Mon, Mar 31 2008. 11 59 AM IST
Updated: Mon, Mar 31 2008. 11 59 AM IST
Mumbai: Homegrown auto major Tata Motors will invest Rs6,000 crore in its existing plants and for setting up vehicle testing facilities in Pune in the next four to five years.
The company Monday signed a Memorandum of Understanding (MoU) with the Government of Maharashtra to this effect.
“This MoU with the Maharashtra government is a step towards realising Tata Motors’ plans to augment capacity at Pune plants in order to meet ever-increasing customer expectations, and demands both in India and abroad,” Tata Group Chairman Ratan Tata said on Monday.
The investment is expected to generate additional direct employment of 1,500 at full capacity.
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First Published: Mon, Mar 31 2008. 11 59 AM IST
More Topics: Tata Motors | Ratan Tata | Cars | Tata Nano | Pune |