Tata Motors to invest Rs 24,000cr in passenger vehicles

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.

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