Financial Daily from THE HINDU group of publications
Friday, Mar 08, 2002
Tata Engg eyes export of 4,000 units of cars, UVs
Mr Rajiv Dube, Vice-President, commercial passenger car business unit, Tata Engineering, flanked by Mr S. Krishnan, General Manager (left), and Mr Eric Vas, Assistant General Manager, at a press conference in Chennai on Thursday.
CHENNAI, March 7
TATA Engineering expects to close the year with exports of around 4,000 units of cars and utility vehicles, the company's Vice-President (Commercial), Mr Rajiv Dube, said here today.
Speaking at a press conference following the inauguration of a new Indica dealership (Manipal Automobiles), Mr Dube said that Tata Engineering had acquired `Euro-III capability' recently.
He said that Tata Engineering also expected to sell 60,000 Indica cars this year.
Answering a question, Mr Dube said that while the petrol version of the Indica was picking up well, there was no fall in the demand for the diesel Indicas.
He said that Tata Engineering was the first in the country to offer a diesel version in the `small car segment'.
He said that around 20 per cent of Tata Engineering's car sales came from the petrol Indicas.
Mr Dube said that Tata Engineering proposed to open another 12 dealerships in the next six months in South India, but he did not want to disclose where.
He said that the company had a 22 per cent share in the small car market in the country, and a 23 per cent of the utility vehicles segment.
The company has a 10.4 per cent share of the overall car and utility vehicles market.
Since the launch of the Indica in March 1999, Tata Engineering had sold more than 1.5 lakh Indicas, Mr Dube said.
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