Tata Motors To Invest Rs 2,000 Cr Per Annum On Commercial Vehicle Biz

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New Delhi: Tata Motors plans to continue investing in the range of Rs 2,000 crore in its commercial vehicle business per annum going ahead in order to drive in new models based on various kinds of power trains, according to company’s Executive Director Girish Wagh.

The company, which on Monday strengthened its pickup line with the launches of Yodha 2.0, Intra V20 bi-fuel and Intra V50 models, is also looking to transition to electric mobility through vehicles powered by CNG and other alternative fuel options.

“At the company’s commercial vehicle business level, we have been investing around Rs 2,000 crore per annum which includes our investment in internal combustion engines, alternate fuel as well as electric vehicles. We will continue to invest at the same rate to ensure that we keep coming with new vehicles,” Wagh told reporters at the launch event

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