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Tatas, M&M on expansion drive: Sources
Auto companies are on an expansion drive. According to CNBC-TV18 sources, Tata Motors will invest Rs 6,000 crore in its Pune facility. The company will make the investment for expanding its current facility and new testing unit. Meanwhile, Mahindra and Mahindra will invest an additional Rs 1,500 crore in its Chakan (Pune) facility.
Auto companies are on an expansion drive. According to CNBC-TV18 sources, Tata Motors will invest Rs 6,000 crore in its Pune facility. The company will make the investment for expanding its current facility and new testing unit.
Meanwhile, Mahindra and Mahindra will invest an additional Rs 1,500 crore in its Chakan (Pune) facility. The company plans this investment for its power train factory and the vehicle manufacturing capacity it has planned for Chennai.
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CNBC-TV18 Disclaimer
This information is source-based and has not been provided to the stock exchanges.
