Tata Group expects its automotive business, spanning passenger vehicles, commercial vehicles and Jaguar Land Rover (JLR), to grow into a USD 100 billion business over the next five years, with planned capital expenditure of Rs 40,000 crore in the domestic business and about 20 billion British pounds for JLR, Chairman N Chandrasekaran said on Wednesday.
Responding to shareholders' queries at the Tata Motors Passenger Vehicles Annual General Meeting, Chandrasekaran said Tata Motors Passenger Vehicles and JLR together are targeting USD 60 billion in revenue over the next five years.
