MUMBAI: On a roll after becoming the top SUV maker in India -- ahead of traditional heavyweights Hyundai, Maruti and Mahindra & Mahindra -- Tata Motors is lining up one of its biggest investment plans for its passenger vehicles business as looks to pump in more than Rs 24,000 crore over the next five years, a large part for scaling up the fast-growing electrics division.
Shailesh Chandra, the man spearheading the turnaround of the company in both the petrol/diesel as well as the electrics market, says that Tata Motors has been getting heavy bookings for models such as the Punch and Nexon SUVs, as well as the electric offerings, though shortage of semiconductors has been limiting customer deliveries.
