Targetting to become the third biggest passenger vehicle maker in India by 2019-20 after Maruti Suzuki and Hyundai, homegrown auto major Tata Motors is lining up a slew of new products, including a compact SUV, premium hatchback and an executive sedan. The Mumbai-based auto major also plans to have lesser number of platforms going ahead to cut cost and complexities in product development. On Sunday, Tata Motors covers less than 60% of the total market and one of the things which we focused during the product strategy is to increase our footprint in the 100% of the market," Tata Motors President, Passenger Vehicles Business Unit, Mayank Pareek told PTI. Tata Motors invests in the same range on R&D purposes every year. At Auto Expo held earlier this year, Tata Motors had unveiled a concept compact sports utility vehicle Nexon along with another compact sedan Kite.

Source: dna October 23, 2016 06:33 UTC