The Hindu Business Line : Tata launches Indica V2 Turbo

(From left) Mr Rajiv Dube, Senior Vice-President, Tata Motors; Mr S. Krishnan, Head, Car Product Group; and Mr Mani Raman, Head Customer Support, at the launch of Indica V2 Turbo in the Capital on Friday. — Ramesh Sharma

New Delhi , Oct. 14

TATA Motors Ltd today introduced the new model of its flagship car Indica in an effort to boost its sales in the hatchback market.

The new model called the Indica V2 Turbo has a 1.4-litre turbocharged diesel engine and its two variants will cost Rs 4,10,000 and Rs 4,30,000 respectively, Mr Rajiv Dube, Senior Vice-President (passenger vehicle division), Tata Motors said. The Indica V2 Turbo is already available in the European markets.

In the first six months ending September 30, Tata Motors sold 68,559 cars, a 4.3 per cent decline from the 71,622 units sold in the same period last year.

Mr Dube said the company would be "able to cover" this loss in numbers in the second half of this fiscal. "We are hopeful of covering the fall in numbers in the remaining six months. Further, there has been a slowdown in sales in the entry level mid size segment," he said.

He said apart from the new Indica, sales were expected to come from the new variants of the SUV Safari and the mid-size Indigo. Asked how the company was looking at synergising operations with Fiat Auto, with whom it recently signed a MoU, he said a roadmap was being drawn for cooperation not only in India but also foreign markets.

When asked whether the company plans to increase prices of its vehicles, Mr Dube said an announcement would be made at an appropriate time.

In addition to the Indica, Tata Motors also sells the Indigo sedan, stationwagon Indigo Marina and the Sumo and Safari utility vehicles.

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