MUMBAI – India’s sixth-largest auto maker, Tata Motors Co. Ltd., is spending $1.4 billion for product and market development over the next five years, adding to its existing investment of more than $1 billion, in its quest to become India’s first multinational auto maker. Tata Motors is part of the Tata Group, one of the largest conglomerates in India, with 80 companies covering a wide range of industries, from steel to computer software, accounting for 5.1% of India’s exports. MG ...

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