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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

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Tata Motors Passenger Vehicles

Shally Seth Mohile  |  Mumbai 

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, ...

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First Published: Fri, January 19 2018. 04:32 IST
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