- Investment approved by the board over next three years
- It will encompass both Tata and JLR assembly lines
- Investment made as a part of Tata’s turnaround 2.0
Tata Motors board has approved investment of about Rs 7,000 crores over the next three years for its India operations. The largest investment yet by Tata in the passenger vehicle business, it will ready the Pune and Sanand plants for the next-gen Alpha and Omega platforms which are set to spawn all of Tata’s future vehicles.
Tata Motors’ turnaround 2.0 plan was set in motion with the development of the Tiago and the Revotron/Revotorq set of engines and after almost four years, the efforts are bearing fruit. In the local market, Tata Motors has registered almost twice as much growth as the entire market with the new products, like the Nexon and the Tiago leading the sales charge.
Tata Motors had revealed their two new platforms, Alpha and Omega, at the Auto-Expo earlier this year and all the future car models will be developed on these two platforms only. Hence the investment will facilitate the shift of the Sanand and Pune plants to the Alpha and Omega platforms over the next three years. Sadly, this also marks the end of the line for the Tata Nano, the car for which the Sanand plant was setup.
Tata Motors will reveal the production versions of the H5X concept by the end of 2018 and the 45X hatch concept in H1 2019, followed by more products across diverse segments in the Indian car market, including the much awaited C-segment sedan. We can expect about 10-12 new models including facelifts of the Tiago and the Nexon in the next five years along with replacements of stalwarts like the Tata Safari.