Indian Tata Motors looking to launch 20-25 new platforms in coming years

Tata MotorsBSE 3.98 % is looking to launch 20-25 new platforms in the coming years, Ravi Pisharody, the company's Head-CV & ED told ET Now. ‘About 20-25 will be completely new platforms. However, including BS4 variants, CNG variants there will be 100 plus products.’ Pisharody said. Asked about the company's capex plans for FY15, Pisharody said, ‘Our investments in capacity have all been made. We are good for a number of years now. All our investments are in new products and between Rs 1200-1500 crore.’  Pisharody feels that it will take a couple of quarters for growth in the company's commercial vehicles segment to pick up momentum. ‘It will take at least a couple of quarters for growth to pick up momentum, because the fact is that the two-year recession was quite deep,’ Pisharody said. ‘For growth come back, we require a few policy announcements from the new government for the sentiment to change rapidly,’ he added, according to The economic Times.