Tata Motors is planning to launch new, fuel efficient cars and hybrid vehicles in India and China. Tata is also planning to increase sales of its luxury brands, Jaguar and Land Rover, in the two markets. Tata Motors Chairman Ratan Tata said that the company is planning to launch a new cross-over vehicle, two new passenger vehicles and a new range of heavy trucks in India.
“The current range of vehicles has seen resurgence in demand, and the challenge before the company today is to deliver enough vehicles to meet market demand,” Tata said.
He said that China has emerged as the third-largest global market for Land Rover⁄Range Rover and “studies are underway to consider options to increase market penetration in China, India and other developing markets.”
Tata also revealed that the company is also planning to widen the Jaguar portfolio by launching a station wagon, a new entry-level Jaguar, and a new roadster.
Tata also plans to revamp its entire Range Rover portfolio and vows “the new Range Rover EVOQUE will have a bold design evolution in sports utility vehicles (SUVs).”
Tata Motors registered a 41 percent increase by selling 67,799 vehicles in July 2010 as against 48,054 vehicles in the same period in 2009. This includes the company’s export as well.
In the domestic market, it recorded a 39 percent growth at 63,558 units, including both passenger and commercial vehicles, as against the 45,599 units sold in the same time last year.