Tata Motors plans to bring in new products in order to have presence in around 95 percent of Indian passenger vehicles market by 2020, besides working on offering “electric solution” on most of its portfolio going forward.
The company currently sells a range of vehicles from hatchback to SUVs playing in about 70 percent of the market in India.
“Our resolve is that by 2020, we will cover 95 percent of the market with various kinds of products,” Tata Motors President, Passenger Vehicles Business Unit, Mayank Pareek told PTI on the sidelines of Geneva Motor Show.
With the addition of new products and enhanced play in the segment, the company would be able to ramp up its market share, which currently stands at around 7 percent, he added.
Commenting on the drive for electric vehicles (EVs) in India, Pareek said the company believed that there was a need to strongly back electric mobility.
“It is a very good solution for a country like us. We are energy starved and our cities are polluted,” Pareek said. Read More…
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