Homegrown auto major Tata Motors will launch its new compact car Zica early next year as part of its drive to enhance position in the passenger vehicles segment. Engineered on a new platform, the new model is expected to be available in both petrol and diesel engine options. While the company did not comment on the date of launch of Zica, sources said it is expected to hit the market in the early part of 2016.
Zica will add to Tata Motors' new model line up -- Zest and Bolt -- in its passenger cars portfolio besides the previous generation cars Indica Vista and the Indigo along with the new Nano. In January this year, the company launched its new hatchback Bolt. In August last year, it had launched Zest compact sedan, its first new model in four years.
Previously, the company had announced that it would launch two new models every year till 2020 to ramp up its product portfolio in the Indian market. Tata Motors had fallen behind the likes of Honda, Toyota and Mahindra & Mahindra in the Indian passenger vehicles market from being the third largest player at one point of time as its products, including the Nano, failed to deliver. It is banking on new products to revive its fortunes.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
