Tatas to invest Rs 1000 cr for mini trucks, vans
Tata Motors is expanding its small commercial vehicle capacity at its Pantnagar and Dharward plants to address the demand for its half-tonne cargo truck Ace Zip and Magic Iris van.autos Updated: Mar 15, 2012 00:01 IST
Tata Motors is expanding its small commercial vehicle capacity at its Pantnagar and Dharward plants to address the demand for its half-tonne cargo truck Ace Zip and Magic Iris van.
"We are investing close to R1,000 crore in half-tonnes vehicles," said Ravi Pisharody, president, commercial vehicles, Tata Motors. "Our Dharward plant, with the capacity to produce 90,000 vehicles, which is meant for Ace Zip and Magic Iris, are getting operational. We hope to reach full capacity realisation at Dharward by the end of financial year 2012-13."
It is expanding capacity in Pantnagar plant, where it produces Ace family of mini vans and trucks. "We are producing 33,000 a month now at Pantnagar. This will go up to 40,000 by the middle of next fiscal," Pisharody said.
He said that the company has 85% market share in half tonnes vehicles. "We are currently making 3,000 units of Ace Zip and 1,500 units of Magic Iris. We expect to touch 6,000 units a month shortly," he said.
First Published: Mar 14, 2012 23:58 IST