Tata Motors to launch new premium hatchback in Q2 FY'20
Tata Motors has expanded its sales points across the country, with Rajasthan being one of the focus markets having huge potential for the passenger car market, he said.
Tata Motors will launch a new premium hatchback based on the 45X concept in the second quarter of next fiscal, a senior company official said Friday. The 45X concept made debut at the Auto Expo last year, along with H5X, based on which the company has introduced the Harrier SUV. The upcoming hatchback, based on 45X, will rival Maruti Suzuki's Baleno.
"We are going to launch it after six-seven months, in quarter second," Mayank Pareek, president of passenger vehicle business unit of Tata Motors told reporters when asked about the launch of 45X.
Pareek, who was here for the launch of Harrier, said the company has registered a significant growth in the last three years after it introduced new vehicles with attractive designs and features and robust safety aspects.
TRENDING NOW
"Against the car industry growth of 4.4 per cent from April to December in the current fiscal, Tata Motor's growth was 21.4 per cent. In Rajasthan also, the company grew at 30 per cent against the industry growth of 6-7 per cent," he said.
Tata Motors has expanded its sales points across the country, with Rajasthan being one of the focus markets having huge potential for the passenger car market, he said.
The Tata Group company has a plan of having nearly 2,000 sales points across the country by 2021-22, he said. It has increased the number of showrooms to 800 from 400 three years ago.
"Rajasthan is one of the focus area for the company where there is huge potential for passenger cars due to good road infrastructure," Pareek said.
Talking about the Harrier, he said the vehicle has stunning design, future ready connectivity and infotainment, top of the line uncompromised safety features and class leading performance and driveablity.
"It is a global five-seater SUV built on MEGA ARC, which is derived from Land Rover's D8 platform. We will first fulfill the demand within the country before exporting it," he said.
Watch this Zee Business video
The SUV will be available in four variants and five colour options with ex-showroom price starting at Rs 12.69 lakh.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
08:41 pm
Tata Motors shares undeterred by market-wide weakness; can you still join the party?
Nvidia strikes deal with Tata in deepening India AI bet
Tata Group seeks control of Haldiram's, snack maker wants $10 billion valuation: Report
Titan Q1 results preview: PAT likely to grow 10%, margin may slip by 90 bps on high base
Indian Hotels Company: Strong momentum to continue; G-20 Summit, Men's ICC Cricket World Cup to propel demand
