Tata Motors plans $568 mn capex in FY13

Tata Motors has earmarked Rs 30 billion as capital expenditure for the financial year beginning on 1 April, a senior official said on Friday.

FP Archives|Dec 20, 2014, 06:07:11 IST

New Delhi: Tata Motors has earmarked Rs 30 billion as capital expenditure for the financial year beginning on 1 April, a senior official said on Friday.

The company is looking at the potential of manufacturing cars in Thailand, Indonesia and Myanmar, said PM Telang, managing director of Tata Motors' India operations, which makes both commercial vehicles and passenger cars, including the ultra-cheap Nano.

[caption id="attachment_174542" align="alignleft" width="380" caption="Tata Motors has earmarked Rs 30 billion as capital expenditure for the next financial year.Reuters"][/caption]

Tata Motors is also looking at expanding its operations in Myanmar by assembling and selling buses and light commercial vehicles, he said, adding the company currently sells heavy trucks in that country.

Reuters

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