IndiaCatalog.com
India News
Search Web Directory
News Home
Tata Motors grand ‘new strategy': Old car brands now only for taxis
Posted on 11th May 2015
Adopting a segregated brand and product approach to address both personal and commercial usage segments, Tata Motors has decided that only old car brands, starting with Indica and Indigo, will ply in taxi segment as it looks for a stronger presence in personal usage market.

The company, better known for its cars in the taxi segment, is trying to overcome a “unique social perspective (in India) that a brand which does well in the commercial market, nobody wants to buy for personal usage segment”.

“It is a reality in India and therefore at the portfolio level, what we have decided is that we will continue to play at the commercial segment but we will continue with different brands and products,” Tata Motors Senior Vice President (Programme, Planning & Project Management, Passenger Vehicles) Girish Wagh said.

Elaborating the company’s strategy, he said: “We want specific brands in commercial segment and specific brands essentially for the personal segment, so that they remain exclusive in personal segment.”

Therefore from that perspective, he said, “we will have Indica and Indigo as brands in the commercial segment. The reason is that they are very well accepted there. They have very good brand position and perception in that market and we will continue to strengthen that.”

Going forward, Wagh said: “At portfolio level therefore, any new product that we make we will be first targeted towards the personal usage segment and within its life-cycle it may happen that some of these products may start moving into the commercial segment when the replacement for it comes in the personal segment.”

With new models Zest and Bolt, the company has been successful to an extent in changing the perception of being a “diesel car manufacturer and a player who is making cars only in taxis”.

“So, gradually, it is helping us improve the perception in the market, bring the Tata brand back in the consideration set of personal usage customers,” he said.

Wagh, however, said the commercial segment could not be ignored either.

“Commercial market is a reality. It is going to be there. It is a significant amount of the market today. In a populous country like India, you will need a lot of means for public transportation … It will continue to grow,” he said.

On the need for a separate brand and product strategy for personal and commercial usage segments, he said: “The needs of these two sets of customers are also different. Therefore, we also need separate products which are engineered differently, which address the needs of the commercial segment.”

For example, he said “in the taxi segment the needs will be like high actual fuel efficiency, high uptime, low turnaround time during service, good network infrastructure” along with comfort and assurance that maintenance will not cost much.

Related Companies: Kotak Mahindra Group   

Other Latest News
Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019

Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.

Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade.


Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019
The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point.

On a weekly basis, the local unit slumped by 32 paise.


LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019
In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19.

Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai).


Apollo Hospitals rules out further stake sale
Posted on 13th September 2019
Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here.

World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019
In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted.

» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Add a comment for Tata Motors grand ‘new strategy': Old car brands now only for taxis
Please only use this form to enter comments on the above company. All comments are reviewed before they are displayed on the web site. Not all comments may be displayed. Check back with us to see if your comments have been displayed.
If you want us to email the comments posted by users, please Subscribe by email
Name*
Comments*
Security Code*
 

Be the first person to write a business review for Tata Motors grand ‘new strategy': Old car brands now only for taxis

Most Read News

More India News

  India Web Directory
Business Profiles
Yellow Pages
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Order Premium Listings
Submit a Site
Business Reviews
Home
About us
Link to us
Advertise
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory
    © 1999 - 2026 IndiaCatalog.com
    All Rights Reserved
Privacy Statement