Auto main Tata Motors on Saturday stated its passenger car vertical has crossed 4 million cumulative production milestone, almost three many years after it rolled out its first mannequin within the phase — Tata Sierra SUV in 1991.
The firm, which over time has produced fashions just like the Indica, Sierra, Sumo, Safari and the Nano, had achieved the 1 million production mark for passenger autos in 2005-06 and three million milestone in 2015.
“This is a very significant milestone for Tata Motors. Very few players in the industry have reached such a milestone. This has been a long journey since we rolled out Tata Sierra in 1991,” Tata Motors President Passenger Vehicles Business Unit (PVBU) Shailesh Chandra advised PTI.
Over the years, the corporate at all times challenged the conventions and introduced in lots of path breaking merchandise, many instances first within the market, like Sierra,Estate, Safari, Indica andthe Nano, he added.
With Sierra, the corporate took its first shot on the SUV phase within the nation. The firm consolidated it additional with Safari.
Further in honour of the legacy of Sumant Moolgaonkar, Tata Motors launched the primary ever multi goal car in Tata Sumo. With Indica, the corporate modified the client notion when it comes to how a passenger car is acquired.
The firm arrange the PVBU vertical in 1998 and the primary product to roll out underneath its aegis was Indica.
“It was the first indigenously developed car and since then we have always challenged conventions and have strived to bring in technologies which are supportive of the cause of the nation, whether it is safety or things related to sustainability,” Chandra famous.
The firm has been focussing not solely on the security facet of its autos however has additionally been main the electrical car area within the nation, he stated.
“We have brought a paradigm shift to the industry that safety is also important otherwise it was not taken that seriously and to ensure that we were also the first company to commission crash safety testing in the country,” Chandra stated.
The firm’s compact SUV Nexon was the primary mannequin within the nation to obtain a 5-star score from Global Ncap. Tata Motors can also be the nation’s largest electrical car producer with 67 per cent market share.
It at present sells Nexon EV and two trims of Tigor, with totally different vary, within the electrical car phase. The firm additionally has bold plans to launch additional electrified fashions sooner or later, with an electrical model of its premium hatchback Altroz subsequent within the line.
Chandra stated with better acceptance of its present mannequin line up, the corporate would be capable of attain the subsequent 10 lakh production mark in a lot lesser time.
“It will take us a shorter time to attain the subsequent a million production mark. This must be on the again of the Indian development story as nicely.
“So the industry should also reach higher peaks. It has been growing, barring last year and this year as well due to the pandemic, but the underlined fundamentals of the passenger vehicle industry remain intact whether it is from penetration perspective or buying capacity of people,” Chandra stated.
From all of the angles the expansion story ought to come again because the economic system additionally stabilises publish pandemic, he added.
(*4*) Chandra stated.
The firm now sells 5 BSVI compliant fashions — Tiago, Tigor, Nexon, Harrier and the Altroz.
Tata Motors has manufacturing amenities at Chikhali, Pune; Sanand in Gujarat; and a three way partnership plant with Fiat at Ranjangaon in Pune.
(Only the headline and film of this report might have been reworked by the Business Standard workers; the remainder of the content material is auto-generated from a syndicated feed.)