New Delhi, Jan 11: Tata Motors today said it will invest Rs 10,000 crore in the next four year to ramp up its production capacity which includes commercial vehicle meant for export to countries like Russia, Bangladesh and Thailand.
''We will invest Rs 10,000 crore into scaling up our production capacity in the next four years,'' Tata Motors Head of Commercial Vehicle P M Telang told reporters here. He added that since the platform for many vehicle is same, it is hard to divide how much money will go into each segment of the product line.
The company now plans to export the Ace 1-tonne to Sri Lanka, Thailand and Russia.
The company exports about 400-500 units every month and the one tonne variant meant for exports will have power steering and air conditioner.
The entire Ace family which includes Magic, that is produced at Uttarakhand plant, have production capacity of 2,25,000 units which will be scalable to 3,00,000 units.
Mr Telang also said the company new plant in Dharwad in Karnataka, which will be a mix plant to produce buses in joint venture with Brazil-based Marcopolo, will have production capacity of 25,000 buses per year.
This plant is expected to go upstream in the middle of this year.