Tata Motors has reaffirmed its plans to invest
Rs.6,000 crore over the next five years towards capital expenditure and product
development. The capital expansion programme will span from 2004-05 to 2008-09.
The company has recently raised funds from the
international market that it would deploy towards capital expenditure and
towards refinancing its overseas acquisitions (follow links below)
The long-term plans of Tata Motors include
launching of a "people's car" costing Rs.1 lakh.
Also See:
Tata
Motors plans Rs.6,000 crore capex (21-May-04)