One of the crucial factors of growth for an automobile manufacturer is the investment path. Tata Motors has said that from the investment path, the company would be investing on a plant in Dharwar, Karnataka. The estimated investment is around Rs 800-1000 crore, which will be invested over the next two-three years. The plant at Dharwar will basically be involved in rolling out the the Tata Ace micro truck and Magic Iris which was intended to replace the rickshaws. The plant will be fuctional from next year and will be rolling out 90,000 units which is the plant’s full
capacity. From this move it is clearly understand that Tata Motors is looking to capture maximum market share as possible as well as the demand for these vehicles have increased.
News Source: The Hindu Business Line