Tata Motors to launch 100 new commercial vehicles by 2018 – Report

Paranjay

Paranjay Dutt, Likes to read, write, and talk about automobiles whenever he can. The rest of the time, he can be seen behind his camera. Totally fails at writing Author Info, though.

Plans to raise INR 7,500 crores via rights issue.

Tata Motors is planning to launch 100 new commercial vehicles, which includes completely new products and new variants of the existing models. By 2018, the company plans to raise INR 7,500 crore in order to pay its debts and expand its line up.

Tata Prima at the 2014 Indonesia International Motor Show front
Proceedings from the rights issue will be used to expand the Prima range and launch the Ultra range of trucks.

In a filing to BSE (Bombay Stock Exchange), Tata Motors mentioned that proceeds from the rights issue will also be used as investment in subsidiaries for the brand’s future growth in India and abroad. The rights issue is currently awaiting the stockholders’ approval.

As for the new trucks, the said 100 new products/new variants will include the launch of Ultra range of mid-weight trucks, and a widened Prima range. The company will also invest in a modular passenger car platform to launch new products in 2016-17. Tata Motors, reported to be working on a solution to steer away from its ‘taxi’ image, intends to launch 2 new products every year and wants to make it to the list of top three car makers in the country.

Tata Nexon production rendering IAB
New passenger vehicles based on a modular platform will be launched in 2016-17. Rendering of the Nexon used for representation.

Also read: Tata Motors Kite hatchback design sketch rendered

Also, eight improved vehicles are expected across five key brands, and 40 new Jaguar Land Rover products are being planned. JLR’s production expansion in China and Russia, and entry into new export markets like Australia, Philippines, and Vietnam, is also on cards.

[Source – PTI via RushLane]

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