Tata Plans Expansion, 100 New Trucks-Cars By 2018

Tata Motors Raising Funds

Tata Motors is planning to raise Rs 7,500 crores by 2018 through a rights issue to invest in new commercial and passenger vehicles planned for launch over the next three years. Money need to be raised since Tata Motor's other source of income - the dividend payouts from Jaguar Land Rover profits are no longer accessible as the UK subsidiary is planning its own expansion.

In the commercial segment Tata hopes to bring 100 new products and variants including the launch of Ultra range of mid-weight trucks and further widening of Prima range of heavy duty trucks. In the mainstream passenger car space company plans to launch 2 new products every year using a new modular platform, enhance its dealership base and invest on improving after sales service facilities.

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