Tata Motors plans to invest Rs 600 cr for FICV Plant

Tata Motors is planning to invest around Rs 600 cr for setting up of a manufacturing plant to develop Futuristic Infantry Combat Vehicles (FICV)."The development cost of FICV could be around Rs 300 cr and a manufacturing plant for the same could be around Rs 250 cr or 300 cr," Tata Motors Commercial Vehicles Business Unit President Ravi Pisharody reporters here.

Once after getting the confirm orders from Indian government only they are planning to set up a plant to manufacture Futuristic Infantry Combat Vehicles (FICV)

Tata Motors is one among the 4 companies which have received invite to supply around 2,000 units, Pisharody said. Still the tender is yet to be completed so we can’t conclude on the final decision about setting up of the plant.

If everything goes fine then they are planning to set up a manufacturing unit in Karnataka (Dharwad), India.

Tata motors revenues from defence business is expected to be Rs 1,000 cr in this fiscal year, this is 50% increase over the last year. In the next fiscal, they are looking at 25-35% growth. Already the company got order for Rs 250-300 cr to supply landmine protected vehicles for Maharashtra and Jharkhand. Now the firm is in the examining stage to enter into the Middle East market for its defence vehicles. Currently it exports to Nepal, Sri Lanka, Africa and Afghanistan (US agencies).

23 comments:

commodity tips said...

I haven’t any word to appreciate this post.... i think this is really a great thing about the fashion. Really I am impressed from this post. I am very happy to read this article. Thanks for giving us nice info. Fantastic walk-through. I appreciate this post.

mcx tips said...

This is the perfect blog for anyone who wants to know about this topic. The article is nice and its pleasant to read. I have known very important things over here. I admire the valuable advice you make available in your expertly written content. I want to thank you for this informative read; I really appreciate sharing this great.

Commodity Tips said...

I dont know what it is about this blog that turns me off so much, but you just dont seem to get me excited. I dont know if its the lack of content or just the way you wrote it. But you really dont seem to understand that your readers may not agree with you. Youre really just too out there for me.

Mcx Tips said...

I hope you can continue this type of hard work to this site in future also..Because this blog is really very informative and it helps me lot.

Nse Tips said...

I have to admit that I have never heard about this information. I have noticed many new facts for me

Share Market Tips said...

Great post. I was checking continuously this weblog and I’m inspired! Very useful information.

Commodity Tips said...

I found this site very informative because very qualitative stuff is available over here.Thanks.

Bse Tips said...

I found so many interesting stuff in your blog especially its discussion.

Commodity Tips said...

I like concept of your post. Very creative post. Best of luck and waiting for some new ideas. I am looking for such useful information and I found here a lot of it.

Share Tips said...

Useful information shared.Iam very happy to read this article. Thanks for giving us nice info.

Share and Earn said...

Good blog always comes-up with new and exciting information and while reading I have feel that this blog is really have all those quality that qualify a blog to be a good one.

Share Market Tips said...

This is an interesting approach. A perception of how one is viewed certainly does influence what we say and don't say.

Commodity Tips said...

I am extremely impressed thanks for sharing all information.

Nse Tips said...

It is a great post for the people to get the proper information.

Commodity Tips said...

This is one of the awesome posts. I like your blog details.

Nifty Tips said...

This is a very informative topic and it was a good read.Thank for posting.

Share and Earn said...

These things are the fresh and having good information are posted here, and also am seeking for this kind of information thanks for updated.

Share Market Tips said...

Thanks for great information you write it very clean. I am very lucky to get this tips from you.

Share Market said...

The post is written in very a good manner and it entails many useful information for me.

Stock Market said...

I appreciated what you have done here. I am always searching for informative information like this.

Stock market tips said...

Hey, I’m impressed with your website management and writing skills, makes me wish I had started younger.

Share market tips said...

I found it when I was looking for a different sort of information but I am very interested in the article, It is nice to read such kind of good posts I like your work keep it up!

jyoti yadav said...

TATAMOTORS Current Price is 398.00
with loss of 1.85 (-0.46%)points. so tell me next strategy for new investment. Best stock tips provider in india