Tata Motors is in the auto industry ever since the Indian roads found adhesive to the vehicles in large numbers. After hectic marketing in the Indian industry, Tata is now focusing its expansion to a select international markets, said its Vice-Chairman. The product ranges will be choosy as much as the platforms of globe, he added. Apart from South East Asia, the company now looks penetration into other African countries, Latin and Central America. Also in the listing are Thailand, Indonesia, Vietnam, Myanmar and West Asia.
He said the potentials are there in the markets of Russia, Ukraine, Eastern Europe (Poland). For this expansion of market and upgrade the company is implanting the expertise of the people of high caliber including Carl-Peter Forster as Group CEO and Dr.Ralf Speth as CEO of JaguarLand Rover. Facing the failure over Indica Vista in the US, the company is exploring the possibilities to move into the market of the UK. Other proposals include Nano Europa in two years and the Indica Vista electric for the Europe in this year.
Tata has no regrets over the flow of Jaguar Land Rover but seeks positive frame in the days to come, he said. Amidst these ebb and low journey, Tata Motors could fetch a net profit of 55million Pound in Q3. This is higher than the standalone efforts. The blessing in disguise came in the way of failure of Jaguar and Land Rover. Tata is quite contented with the imminent success of Ace and the Nano. The company is still in the race by launching new models despite stiff competition. Ace is on the verge of increased level of 25-30%. He said the company has nothing to say in the case of fuel pricing and the Sanand plant will carry on with the trial production and the commercial production to start in another couple of months.