Tata Motors, India's third-biggest carmaker, on Wednesday said it would invest a little over Rs 800 crore (Rs 8 billion) this fiscal for capacity expansion, product development and marketing.
The company would raise the production capacity by 50 per cent during 2003-04 from about 150,000 units now, Tata Motors executive director (passenger car unit) V Sumantran told reporters on the sidelines of the launch of a variant of multi purpose vehicle Sumo in New Delhi.
"We will be investing Rs 800 crore during 2004-05 to augment capacity by 50 per cent, to launch more models and to intensify marketing initiatives," he said.