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| Tata Motors plans to launch smaller light commercial vehicle |
| Press Trust of India / New Delhi Aug 28, 2009, 13:05 IST |
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The country's largest auto maker, Tata Motors, today said it will launch a light commercial vehicle which will be smaller than its LCV Ace.
The company has earmarked a capital expenditure of Rs 10,000 crore for the next 2-3 years.
"We are seriously looking at a smaller Light Commercial Vehicle (LCV) than Ace which has a capacity of carrying a load of 750 kg," Tata Motors Managing Director P M Telang told reporters on the sidelines of the SIAM annual convention here.
The company would roll out the proposed smaller LCV from its Pantnagar facility, which has a production capacity of 2.25 lakh units per annum.
When asked about the company's capex outlay, Telang said: "At any point of time the company works with a capex of Rs 6,000-10,000 crore for a 2-3 year period."
He however, declined to give details how the company would utilise this amount.
Tata Motors would roll out a new Indigo within the next 2-3 months, Telang said.
On sales, Telang said: "Our LCV segment is doing good, but the medium and heavy commercial segment is flat in the first four months of this fiscal. Passenger car segment is growing faster."
The company is expecting its overall sales to remain in the positive territory during this fiscal, he said, adding the total production utilisation of its plants is about 65 per cent at present.
On its small car Nano, Telang said: "The production at the Sanand plant in Gujarat will start by the end of this financial year."
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