With five per cent market share, Tata Motors is currently at fourth place in the domestic market and has set the goal of reaching third position by 2019.
Pratap Bose, Head of Design, Tata Motors, said they didn't have presence in 60 per cent of the market.
"We don't have presence in some segments and compact SUV is one of them," Bose told reporters on the sidelines of the launch of Tata Tigor, its latest product, in Hyderabad market.
He claimed that many cars were in design and engineering phases. He said these were part of the company's strategy for a sustained growth in passenger vehicles segment.
Tata Motor's market share in passenger vehicles segment grew by 0.64 per cent last year. The company sold 1.53 lakh units in 2016-17 against 1.25 lakh in the previous fiscal.
In March 2017, the company recorded sales of 15,433 vehicles, a growth of 84 per cent over March 2016.
Tigor is the third product from Tata Motors based on impact design technology. He claimed that Tiago received a huge response with 80,000 bookings. Over 50,000 Tiago were already on roads.