Tata Motors to launch two new products every year till 2020 - Report

07/12/2015 - 12:52 | Tata Nexon, Tata Motors | Aravind Jayachandran

Plans to have 1500 dealerships by 2020.

In an interview with ET Auto, Tata Motors President for passenger vehicle business, Mayank Pareek, said that the company is planning to launch two new products every year to fill in product gaps and enhance its portfolio.

Tata Nexon at the 2014 Indonesia International Motor Show front quarters — Following the Tata Zica, the company's next big product is the Tata Nexon compact SUV.

He said:

We have lots of gaps in our portfolio. Naturally, these have to be filled. We have a road map to fill these gaps. Going forward, you will see two new products from us every year.

Mr Pareek has also confirmed that Tata Motors will launch a compact SUV as well as hinted at a large SUV for the near future, which are likely to be the production-spec Tata Nexon and Tata Hexa. The Tata Nexon is currently undergoing testing and is expected to be revealed at the Auto Expo 2016, followed by a launch later that year.

Tata Hexa front three quarters left at the 2015 Geneva Motor Show — The Tata Hexa will also join the utility vehicle lineup in 2016.

Also Read: Tata Zica-based compact sedan (Indigo eCS replacement) IAB Rendering

Other initiatives to raise Tata's market share include expanding its sales network. Tata ended the last fiscal year with a total of 500 dealerships across India. In the next 4 years, the company plans to triple that number to 1500, of which as many as 200 outlets will be opened in the current fiscal.

[Source: ET Auto]