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Tata Motors to continue investing around Rs 2,000 crore per annum.
Tata Motors plans to continue investing in the range of Rs 2,000 crore per annum in its commercial vehicle business going ahead in order to drive new models based on various kinds of powertrains, according to the company's Executive Director Girish Wagh.
The company launched Yodha 2.0, Intra V20 bi-fuel, and Intra V50 models on September 26.
According to media reports Wagh said, "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 further said that the company expects CNG models to account for around 40 percent in intermediate and light commercial vehicles and around 20 percent in small commercial vehicles going ahead.
Wagh said that the company has started the production of Tata Ace EV, and the deliveries were expected to begin next month.
On September 26, the company launched the new pickup trucks to cater to the supply of agricultural produce, poultry and dairy sectors as well as the expanding delivery requirements of FMCG, e-commerce, and logistics sectors.
