Mumbai: As part of its commitment for long-term R&D in the UK, Tata Motors Ltd will invest about £30 million (a little over Rs 300 crore) in the National Automotive Innovation Campus (NAIC).
The investment would be made through its subsidiary Tata Motors European Technical Centre (TMETC) at the University of Warwick campus, the company said in a statement.
“This investment constitutes the next step in Tata Motors’ strategy to develop world class products for its global customers and TMETC plays a significant role in that plan. Our teams in India and in the UK complement each other in academic excellence and product experience, and we see the UK as a global hub for innovative and low carbon automotive technologies, which will benefit our customers,” said Tim Leverton, Head of Advanced Engineering and Product Development for Tata Motors.
No comments:
Post a Comment