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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)
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