/ Tata Motors Plans To Be The 3rd Largest Carmaker By 2019 ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 6 April 2017

The largest manufacturer in Indian automotive industry, Tata Motors is now aspiring to become the third largest carmaker in the car market.

The company is planning to expand its sales, and develop its service network with 1,500 centres by the end of 2019, compared to its existing 700 centres.

It stood fifth out of 18 manufacturers in the car market last year, and now the target is to enlarge the product portfolio and geographical reach.

Currently the Company has a presence in only 59% of the market, and does not have a very significant portfolio of compact SUVs, bigger SUVs and some similar segments. Thus, the plan is to upgrade by 2020.

It can be learnt that the company is now focusing on becoming a full-range car entity in country. It has launched the Tata Tigor recently and three other models in last 12 months.

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