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Tata Motors to invest Rs 1,500 Crore in CV business

  • Tata Motors has set aside Rs.i,5OO crore in the 2014-15 fiscal for investments to support its CV business. The money is to be used in the development of new products, variants and technology. Incidentally, this was the same sum earmarked for the CV business"during FYi3-i4- Such investments underscore Tata Motors' long term commitment to the CV business despite the poor performance of the CV segment largely owing to the decline in construction, mining and infrastructure activity. Sales of CVs have been down for 10 months in a row now. The Society of Indian Automobile Manufacturers indicates that sales of CVs in February were 47,982 units, a decline of 29.84 per cent. But, the sector is looking at an upswing, post the general elections. Experts foresee a stable dispensation providing a shot in the arm for the economy.

    Keeping this larger picture in mind, Tata Motors has been expanding its mid-range Prima LX range of trucks even while its capacity utilisation has dropped to 60-65 percent

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