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TATA Motors draws out investment plan

TATA Motors has chalked out an investment plan of INR 8,000 crore for product development over the next three to four years.

The proposed plan is likely to cover company's future products of car division such as the new Indigo sedan due by December 2009, the Indicruz crossover which is set to hit roads in 2010 and next generation versions of its utility vehicles such as the Sumo and Safari along with the World Truck program launched in May 2009.

However, the proposed CAPEX plan does not include Jaguar-Land Rover, the British luxury brands that TATA acquired from Ford Motors in 2008.

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