India: Tata Motors may invest up to Rs6bn for FICV

Tata Motors could invest up to Rs6bn (US$117.94m) to develop and produce Futuristic Infantry Combat Vehicles (FICV). Setting up the plant for FICVs, however, will depend on government orders. "The development cost of FICV could be around Rs3bn and a manufacturing plant for the same could be around Rs2.5bn or above," Subscribe to Automotive World … Continued

• By Webmaster
• March 30, 2012