Tata Motors has emerged as the biggest spender on R&D in India in terms of value. The country’s largest automaker has revealed through the statistics of the stock exchange that it spent INR 2,204 crores in research and development projects in the financial year 2015.
The company has been spending heavily to transform its product portfolio and emerge as a newly born automaker with appealing feature rich products. For that to happen, huge investments on design studios and innovative technologies had to be made. In terms of percentage, Tata Motors R&D expenditure in FY2015 was 6.07% of the turnover.
Tata’s expenditure on R&D operations in FY2016 and the ongoing FY2017 are expected to be even higher than that of FY2015 as the automaker is currently working on multiple projects. The Tiago has just been launched, the Hexa is almost ready and the Kite 5 (codename) compact sedan too is not far away from entering production. The Nexon compact crossover is currently undergoing final phase of testing.
In addition to the slew of new products, the automaker is also working on two premium crossovers codenamed Q501 and Q501 that will receive inputs from its British subsidiary JLR. Development of new petrol and diesel powertrains and tailor-made technologies like start-stop system also consume large sum of money.
Tata Hexa Tuff – Photos
Via – Business-standard.com