Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
CO-PRESENTED BY
LIVE TV DownloadNews18 App
News18 English
272
nda:
Needmore seats to Win
Needmore seats to Win
upa:
»
2-min read

Tata Motors Looks at Third Position in Passenger Car Segment

Satish B Borwankar, Executive Director and COO, Tata Motors, said the automobiles major has started improving the consumer-connect and in a focused manner, it is meeting its dealers to understand the issues relating to sales.

IANS

Updated:August 26, 2017, 9:08 PM IST
facebookTwittergoogleskypewhatsapp
Tata Motors Looks at Third Position in Passenger Car Segment
Image used for representational purpose. (Image: Reuters)
 

Kolkata: Automobile major Tata Motors has set a goal to move to "third position" in terms of the passenger vehicle market in a year or two, a top company official said on Saturday.

"In terms of PV (passenger vehicle), the volumes have gone up. Our market position used to be seventh or eighth, we now moved to fifth position. Our goal is to move to third in a year or two," Executive Director and COO Satish B Borwankar said here on the sidelines of an event titled "Manufacturing Excellence, 2017" organised by the CII.

He said the car maker was focusing on "new launches" along with strengthening of its distribution network as a strategy to increase the market share.

"In the PV segment, exciting products are in the pipeline and we will be launching a compact SUV (Sports Utility vehicle) before Diwali," he said, adding that the capacity utilisation in the passenger segment has gone up because of the high demand for the Tiago and Tigor.

In July, its passenger vehicles, in the domestic market, recorded sales at 14,933 units with a growth of 10 per cent, over 13,547 units sold in the corresponding month last year.

Cumulative sales of all passenger vehicles in the domestic market for the fiscal were at 49,791 units, up by 10 per cent, compared to 45,062 units in the last fiscal.

Borwankar also pointed out the auto maker was "falling short of supply" due to "supply constraint" even though demand was good.

"In commercial segment, we were falling short of supplies and vendors started ramping up (their productions) and things are picking up every month," he said, adding that the average capacity utilisation is at 75 per cent in the segment.

He said the automobiles major has started improving the consumer-connect and in a focused manner, it is meeting its dealers to understand the issues relating to sales.

"The number of production and sales has gone up in commercial segment," he said, adding that the vehicle maker is the "leader in the segment".

The overall commercial vehicles sales in July 2017, in the domestic market were at 27,842 units higher by 15 per cent over the corresponding month last year, due to ramp-up of BS4 production, across segments.

Speaking on the future of its small car -- Nano, he said "In the last shareholders' meeting, they said the company must continue to produce Nano. Going forward, there could be various alternatives including electric version of it. We are looking at various options."

He, however, said sales of the small car were "not much".

The carmaker sold 260 units of Nano in July, 2017 as compared to 701 units in the year-ago month in the domestic market and it produced 167 units in the last month as against 696 units in July 2016.

"Nano, Tiago and Tigor -all are produced in the same line. When the Tiago and Tigor are selling well who is going to produce Nano more? We produce very low numbers nowadays," he added.
(Get detailed and live results of each and every seat in the Lok Sabha elections and state Assembly elections in Andhra Pradesh, Odisha, Arunachal Pradesh and Sikkim to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you don a psephologist’s hat and turn into an election expert. Know interesting facts and trivia about the elections and see our informative graphics. Elections = News18)
| Edited by: Bijaya Das
Read full article
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
 
 
Most Active
Company Price Change %Gain
SBI 351.95 3.18
Reliance 1,352.60 0.91
IndusInd Bank 1,591.00 4.75
ICICI Bank 418.00 3.12
HDFC Bank 2,366.80 -1.62
Company Price Change %Gain
Reliance 1,353.00 0.92
Larsen 1,494.20 2.30
SBI 349.65 2.58
Yes Bank 142.15 3.23
Adani Enterpris 166.85 5.63
Top Gainers
Company Price Change %Gain
Adani Ports 412.55 6.89
Zee Entertain 358.95 4.89
IndusInd Bank 1,588.00 4.55
Grasim 892.50 4.10
Yes Bank 142.00 3.24
Company Price Change %Gain
IndusInd Bank 1,587.60 4.62
Yes Bank 142.15 3.23
ICICI Bank 417.80 3.03
SBI 349.20 2.45
Larsen 1,492.05 2.16
Top Losers
Company Price Change %Gain
ITC 291.25 -2.84
Vedanta 161.65 -2.80
Eicher Motors 20,688.00 -2.53
HDFC Bank 2,364.85 -1.70
Hindalco 195.10 -1.46
Company Price Change %Gain
Vedanta 161.90 -2.73
ITC 291.80 -2.59
HDFC Bank 2,365.00 -1.67
TCS 2,062.55 -0.97
Bajaj Finance 3,423.20 -0.71

Live TV

Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results