Tata Motors to invest Rs28,900 cr

New Delhi, July 30

Tata Motors will invest Rs 28,900 crore across its domestic business and JLR in 2021-22 and is also investing on development of hydrogen fuel cell vehicles, chairman N Chandrasekaran said today.

It will also look to raise capital separately for its electric vehicles business. The company is eyeing 25% sales from EVs in the medium to long term, up from 2% at present, he said at the company’s virtual AGM. — PTI