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Tata MotorsNSE 0.53 % will invest $1 bln -- its biggest ever investment in the passenger vehicle business --- in the next three years as above-average growth spurs demand for newer cars. Mumbai-based Tata will spend $1 bln after the board approved its mid-term business plan recently which includes investments, people in the know said.
The plans include a new manufacturing line in Pune, which is going through a complete overhaul and Sanand, Gujarat to house the new modular platforms Ome...