Tata Motors has taken on an expensive commitment. The company has revealed that it will be investing around 30 million pounds (Rs 330 cr) in the National Automotive Innovation Campus (NAIC), seen as part of its long-term research and development plans in the UK.
The company has confirmed its commitment to advanced research and development in the UK through the participation of its subsidiary, Tata Motors European Technical Centre (TMETC), in the NAIC, Tata Motors said in a statement.
"The NAIC, which represents a total investment of around 100 million pounds, will receive funding from Tata Motors of around 30 million pounds, alongside the support of its partners, Jaguar Land Rover, WMG and the UK Government's Higher Education Funding Council England (HEFCE)," added the statement.
The NAIC will open in 2016 and will house around 1,000 world class engineers and scientists. It will be a research hub for creating technologies for the automotive industry.
Dr Tim Leverton, Head of Advanced Engineering and Product Development for Tata Motors, said: "This investment constitutes the next step in Tata Motors' strategy to develop world class products for its global customers and TMETC plays a significant role in that plan. Our teams in India and in the UK complement each other in academic excellence and product experience, and we see the UK as a global hub for innovative and low carbon automotive technologies, which will benefit our customers."