India: Tata plans capex of Rs35bn over next few years

Tata Motors has earmarked Rs30bn (US$662m) to Rs35bn as annual average capital expenditure for its Indian operations over the next few years, Reuters said, citing the OEM's India managing director PM Telang. The company's profit for the full fiscal year shot up, driven by improved domestic sales and greater profitability at Subscribe to Automotive World … Continued

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• May 27, 2011