India's Tata Motors to invest $1.5 billion over 4-5 yrs

MUMBAI (Reuters) - Tata Motors Ltd (TAMO.BO), India's top vehicle maker, will invest 60 billion rupees ($1.5 billion) to expand manufacturing capacities over four to five years, Managing Director Ravi Kant said at a news conference on Monday.

Tata Motors, which last week announced a $2.3 billion deal to buy Jaguar and Land Rover from Ford Motor Co (F.N) and will start selling the low-priced Nano later in the year, has announced it plans to raise $4 billion for its local and overseas plans.

($1=39.8 rupees)

(Reporting by Rina Chandran; Editing by John Mair)