Schedule a Call Back
Tata Motors, to spend Rs 160-180 billion as capex on EV arm till FY30
Industry News- Jun 19,24
Giants like Tata Motors, Mahindra and Mahindra (M&M), Maruti Suzuki India Ltd (MSIL), Hyundai Motor India Ltd (HMIL), JSW MG Motor India, Nissan Motor Corporation, and Renault SA have indicated big-ticket investment for creating capacities.
With an eye on volumes as well as investing in future technologies, leading passenger-vehicle (PV) makers in the country have lined up investments of over Rs 2 trillion over the next few years.
Giants like Tata Motors, Mahindra and Mahindra (M&M), Maruti Suzuki India Ltd (MSIL), Hyundai Motor India Ltd (HMIL), JSW MG Motor India, Nissan Motor Corporation, and Renault SA have indicated big-ticket investment for creating capacities, product development, and a commitment to cleaner environment-friendly technologies.
Last week Tata Motors, the country’s market leader in electric vehicles (EVs), said it was planning to spend Rs 160-180 billion as capital expenditure till the year 2030.
(Source: Business Standard)
Related Stories
Smart Manufacturing
John Crane Highlights Youth Skills Investment for Manufacturing’s Future
John Crane marks World Youth Skills Day by highlighting apprenticeships and employer-led training as vital to building manufacturing’s future workforce.
Read moreSmart Manufacturing
Mahindra’s Chakan Plant Crosses 3 million Vehicle Milestone
Mahindra’s Chakan facility has crossed three million vehicles, with the BE 6 marking its evolution into a flexible, digitally enabled hub for ICE and electric mobility.
Read moreAuto & Auto Components
NBC Bearings Expands Automotive Aftermarket Portfolio Beyond Bearings
NBC Bearings has launched a new range of automotive aftermarket products, including wiper blades, brake pads, belts and steering rods, for two- and three-wheelers and passenger cars.
Read moreRelated Products
Automotive Oil Pump
AUTO COMPONENTS & ACCESSORIES
Kalpak Auto Pvt Ltd offers a wide range of
automotive oil pump.
Tata Motors unveils facilities for development of Hydrogen propulsion tech
AUTO COMPONENTS & ACCESSORIES
Tata Motors, India?s largest automobile company, unveiled two state-of-the-art & new-age R&D facilities for meeting its mission of offering sustainable mobility solutions. The unveilings constitute of Read more
Tata Motors plans petrol powertrain for Harrier and Safari SUVs
AUTO COMPONENTS & ACCESSORIES
Tata Motors is in the process of developing a new petrol powertrain for its premium sports utility vehicles, the Harrier and Safari, as confirmed by a senior company official. Currently, these models Read more
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
