Tata Motors on plans for shelling out Rs 10,000 cr

The Indian auto giant Tata Motors said it is allocating Rs10000 crore for the next three year projects which include redefining the plants with latest technologies and RD of product development. The move is circulated among the shareholders through snail mails and demand for more fund has also been made. The main purpose to release this much of fund is to stabilize its position in the Indian market and to penetrate more overseas markets. The source of this funding will be issue of securities in the country and global markets by which it is expected to raise Rs4700 crore.

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