![Tata Motors' R&D spend jumps 45% in FY24](https://images.assettype.com/fortuneindia%2F2023-03%2F600fbf22-f1dc-4f0a-b8ab-1a348da9d51c%2FDefence_11.jpg?rect=0,28,1908,954&w=300&q=95)
Tata Motors' R&D spend jumps 45% in FY24
Increased spending on R&D comes as Tata Motors focuses on extending its electric vehicle product range, developing flex-fuel powertrain, fuel cell EV and Hydrogen ICE
Increased spending on R&D comes as Tata Motors focuses on extending its electric vehicle product range, developing flex-fuel powertrain, fuel cell EV and Hydrogen ICE
Covid-19 lockdowns in China and the Russia-Ukraine war could lead to supply chain disruptions and decline in demand, says Tata Motors.