Tata Motors on Tuesday said its passenger vehicle unit intends to
increase market share by 3 percent to 15 percent. "Our intention is to
gain market share and move closer to where we were last year. Market
share last year dropped down to around 12 percent, we intend to grow
that by 2-3 percent to reach 14 or 15 percent," Tata Motors president
(passenger vehicle business unit) Ranjit Yadav told reporters on the
sidelines of a company event in Bangalore.
Also Read: Tata Motors upgrades cars as rivals launch new ones
Indicating
that next couple of quarters are likely to be weak he said the
company's market growth would be flat. "We have seen six to seven months
of decline, these things can turnaround but next couple of quarters is
going to be weak, so I would expect it to be flat to declining," he
added.
Declining to give guidance on Tata Nano production, he
said, "Our manufacturing is matching the requirement. We saw weakness in
the market very early and have made significant correction in stocks
for our channel partners and dealers, so our actual sales are higher
than reported."
Trying hard to improve its customer service
initiatives, Tata Motors said it is revamping its sales outlets across
the country and will have 150 revamped outlets by the end of this year.
Tata
Motors had reported a 23.37-percent decline in total vehicle sales in
May, at 49,304 units. Its total passenger vehicle sales in the domestic
market stood at 11,134 units during the month, down 45.69 percent from
20,503 units in the same month last year.
Earlier at the event,
the company felicitated Srikarunya Subrahmanyam, a Bangalore-based
motoring enthusiast and his team, for entering the Guinness World
Records in the presence of Formula One motor racing driver, Narain
Karthikeyan.
Subrahmanyam was feted for accomplishing the
longest journey of 10,218 km in a Tata Nano in 10 days, breaking the
current record of 8046.74 km.
A book 'Atop the World' written
and edited by Thomas Chacko was also unveiled at the event. Chacko is a
Kochi-based, 63-year old motoring enthusiast, who completed a 78-day
long national expedition in a Tata Nano, covering 26,500 km across the
length and breadth of the country.
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Jumat, 14 Maret 2014
Tata Motors' passenger unit eyes 3% growth in market share
Posted by Unknown on 21.45
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