Tata Motors aims to address 95% of passenger vehicle market by 2020

Optimism generated by rise in sales, with plans for series of product launches in hitherto uncovered segments

Tata Motors expects to address 95 per cent of the passenger vehicle (PV) market by 2020, up from a little less than two-third now.

There would be multiple product launches in segments where it currently doesn't have a presence, said Mayank Pareek, president for PV business at the company.

"Currently, we are not in the fast-growing segments, including the large hatchback one, and only 60 per cent of the addressable market. That's one big correction we have done — we will be making sure that by 2020, we are in 95 per cent," said Pareek.

The other step, he said,