Tata Motors, which last week announced a $2.3 billion deal to buy Jaguar and Land Rover from Ford Motor Co <F.N> and will start selling the low-priced Nano later in the year, has announced it plans to raise $4 billion for its local and overseas plans.
MUMBAI (Reuters) - Tata Motors Ltd <TAMO.BO>, India's top vehicle maker, will invest 60 billion rupees ($1.5 billion) to expand manufacturing capacities over four to five years, Managing Director Ravi Kant said at a news conference on Monday.
Tata Motors, which last week announced a $2.3 billion deal to buy Jaguar and Land Rover from Ford Motor Co <F.N> and will start selling the low-priced Nano later in the year, has announced it plans to raise $4 billion for its local and overseas plans.
($1=39.8 rupees)
(Reporting by Rina Chandran; Editing by John Mair)
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