Indian auto majors Tata Motors and Mahindra & Mahindra are investing more than a billion dollars each over a span of three years to build from scratch a pipeline of new products in a determined bid to wrest back lost ground in the domestic market from foreign rivals.
The two companies have recently formulated and disseminated their vision statements which they shared with employees and vendors. ET has reviewed the documents. After having lost more than 10% drop in market share, M&M has set an internal target to be the second largest vehicle maker in India by FY19.
Source "Times Now"
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