World's cheapest car Tata motor's Nano and the company's most popular Light Commercial Vehicle(LCV) Ace are set to roll out from new factories around the world, as early as in the coming year.
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| Tata Motors |
In order to increase the global penetration, the company is planning to set up assembly operations in Indonesia and Brazil apart from Eastern Europe, Ratan Tata, the chairman of Tata motors told shareholders at the automaker's annual general meeting (AGM) on Friday.
" We are looking at assembly facility for passenger vehicles in South-East Asia(Indonesia) and some parts of Eastern Europe. We are looking at how to maximize penetration for the Nano and the Ace" He said.
To counter the erratic domestic monthly sales performance of Nano (Between 3000-7000 units on average and peak of 10, 012 units in April), the company has started exports, starting with Sri Lanka and Nepal.
Company also starting solo Nano centers in smaller towns. Total domestic sales of Nano has crossed one lakh units since the 2009 launch, but the company's 2.5 lakh unit per annual capacity plant at Sanand is currently lying under-utilized.
On global new product plans, he said that both Tata Motors and Jaguar Land Rover are working on hybrid and electric cars.
Tata Motors will be launching an electric car in UK and Norway soon, a small city car based on Pixel concept.
At the same time Maruti Suzuki cuts production, increase discounts. They announced Friday that they are reducing their production and increase discounts due to market slow down. The sale of Maruti decreased more than 15 percent this month because of the hiking interest rates and crude oil price.
They reduced production of all models except the Swift and DZire. Alto production is already down 5 percent from the last month's 24, 970 cars.
Discounts offered by the company were 22 percent higher this year. The highest discount of Rs.35, 000 was on SX4, petrol version. Company offering discounts of Rs.18, 000-20, 000 in all variants.
The company is planning to start a new plant by the month of October and the location will be announced later.
The initial investment will be about Rs.6, 000 crore and the annual production capacity will be between 750, 000-10,00,000 units.
The precautionary measures taken by the 2 major Auto mobile companies in India will attract more customers. But to what extend......????? That's a tricky question......
Regards Hari " लोका समस्ता सुखिनो भवन्तु "
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