Rediff India Abroad
 Rediff India Abroad Home  |  All the sections

Search:



The Web

India Abroad




Newsletters
Sign up today!

Article Tools
Email this article
Top emailed links
Print this article
Contact the editors
Discuss this article
Home > Business > PTI > Report


Work on for Rs 1 lakh car; 'all the best to Maruti': Tatas

December 05, 2003 16:50 IST

Undeterred by the scepticism shown by Maruti, the Tatas on Friday said they were working on the concept of the proposed entry-level car with price tag of Rs 100,000.

"The car is under conceptualisation," Tata Motors vice president (commercial) Rajiv Dube said, exuding confidence on the project.

"All the best to Maruti," he said when asked about Maruti's assertion that it would meet the challenge of Tata Motors to develop Rs 100,000 car.

Maruti chairman S Nakanishi recently said in Japan that the idea to make an entry-level car with Rs 100,000 pricedid not seem feasible, but MUL would meet any challenge posed by the Tata group company at the entry-level car.

"The project to make an entry-level car with Rs 100,000 price is under conceptualisation. It may take 3-5 years to develop the vehicle," Dube said.

Tata Motors, whose flagship car Indica has been witnessing growing sales, said it aims a minimum of 20 per cent sales growth this year over 104,000 units last year.

"We have been posting 43 per cent sales rise so far. By the year-end, the rise should be of at least 20 per cent," he said.

The company would require to augment production capacity due to soaring demand for Indica and mid size car Indigo, Dube said, adding: "We are working at ways and means to do so (increase capacity). It may include a third shift or capital investment."

It may be mentioned here that production capacity for a range of multi-utility-vehicles and pick-ups, which stand at 60,000 units, would remain the same.

Recently, the company entered into agreement with MG Rover of the United Kingdom to export Indica.

Answering a query on the facelift of MUV Sumo, he said: "Like any other company, we will decide on the facelift as and when desired."

Passenger vehicles sales of the company grew by 41.6 per cent in November 2003 to 10,735 units.

Indica with the sales of 6,000 in November 2003 grew by 4.4 per cent over the last year figures and at the sale of 53,103 vehicles in the first eight months, has grown 10.7 per cent on year-on-year basis.

Indigo sales were 2,323 with cumulative sales for the fiscal being 17,874 while utility vehicles sales at 2,431 in November 2003 has grown 32.6 per cent with cumulative sales at 19,064.


7333: The Latest News on Your Mobile!

© Copyright 2005 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

Share your comments


 What do you think about the story?




Read what others have to say:


Number of User Comments: 14




Sub: The spananer will come from the government.

The government will throw the spanner into the whole project and make that "small" car unaffordable. Just watch out !!! Maruti was trumpetted in the ...


Posted by chanakya





Sub: economis

india is becoming aconsumer state so people tends to go for costlier cars than this one and and the the quality of this car may ...


Posted by sebin





Sub: info

hi, we are making a project report on 'a car in Rs.100000.' plz do send us info about the same.(feasibility ,scope ,economical viability etc.) thank ...


Posted by abhishek





Sub: 1,00,000 car

1,00,000 car is fine...but where is the infrastructure (read roads) to handle the additional flood for cars that will be on the roads......Traffic Jams........


Posted by Vansur





Sub: small car by tatas

TATAS CAN DELIVER THE ENTRY CAR OF Rs 1 lakh with their prudence and time tested capabilities.Maruthi enjoyed govt. patronage for a long time and ...


Posted by C.G.RAO




Disclaimer


Advertisement






Copyright 2005 Rediff.com India Limited. All Rights Reserved.