Tata Engineering is ready to assemble vehicles for multinational or domestic auto companies at its manufacturing facilities. This will help the company to better utilise its huge surplus capacities while creating additional streams of revenue. The company will look for opportunities for assembling vehicles from kits from now on, top company officials said.
Earlier this year, the company had started taking up jobs like producing dies and castings. Now, the company is offering to assemble complete vehicles.
Also, the company is hopeful of drastically increasing its installed capacity utilisation to around 80 per cent from 55 per cent in the last financial year, when it had posted losses of Rs 500.34 crore.
Ravi Kant, executive director of the company, said:
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