Moneycontrol Bureau
Tata Motors Thursday announced the launch of its premium hatchback car, Bolt. The petrol variant of the model will be priced at Rs 4.65-6.35 lakh in Mumbai and the diesel variant will be priced at Rs 5.75-7.32 lakh.
Briefing the media at the launch, Mayank Pareek, head of the company’s passenger vehicle business said the prices were introductory and would be hiked soon. He said the Bolt has got 50,000 bookings so far.
He sees it cannibalizing sales of Zest, its sub-compact sedan launched in September last year, by 8-10 percent.
Pareek sees the Indian automobile industry growing less than 5 percent this year, and said the industry in general has been stagnant for the last three years.
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