Sources from Geneva said plans to bring in new products in order to have presence in around 95% of Indian passenger vehicles market by 2020, besides working on offering "electric solution" on most of its portfolio going forward. Presently the company sells a range of vehicles from hatchback to SUVs playing in about 70% of the market in India.
Tata Motors President, Passenger Vehicles Business Unit, Mayank Pareek told PTI
on the sidelines of Geneva Motor Show that "Our resolve is that by 2020,
we will cover 95% of the market with various kinds of products”. Moreover with
the addition of new products and enhanced play in the segment, the company
would be able to ramp up its market share, which currently stands at around 70%.
Further commenting on
drive for electric vehicles (EVs) in India, Pareek said the company believed
that there was a need to strongly back electric mobility. He added "It is
a very good solution for a country like us. We are energy starved and our cities
are polluted”.