"In fiscal 2016, fleet sales, including to cab aggregators, accounted just about 9 percent of the passenger vehicles volume and this is expected to almost double to 15-17 percent by fiscal 2020," says the Icra report.
The maker of light-on-pocket models like Tiago, Indica and Nano Tata Motors is working on a few premium products such as a premium hatchback, premium sports utility vehicle and an executive sedan even as it aims to be number three in the market by 2019.
The failure to crack the premium segment once earlier notwithstanding, Tata Motors is set to launch yet another deluxe model in a desperate effort to break the jinx.
The all new Tata Tiago is aimed to be a modern alternative to the ageing Indica. Available in both petrol and diesel engines, the Tata Tiago gets a total of eight variants.
Talking about his early days, Ratan Tata, Chairman Emeritus, Tata Sons says that everyone around him was convinced that Indica would fail.
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".
These two new products are based on the company's enhanced X1 platform, on which the existing Vista and Manza models are built.
Total passenger vehicle sales in the domestic market stood at 9,272 units in December, down 34.63 percent from 14,185 units in the same month in 2012. Sales of Nano, Indica, Indigo range in December 2013 were 6,537 units, while that of Sumo, Safari, Aria, Venture range were at 2,735 units, Tata Motors said in a statement.
Sales of Nano, Indica, Indigo range in December 2013 were 6,537 units, while that of Sumo, Safari, Aria, Venture range were at 2,735 units, Tata Motors said in a statement.
Tata Motors today reported total sales (including exports) of Tata commercial and passenger vehicles in August 2013 at 49,611 vehicles.
Tata Motors' commercial vehicle sales fell 10 percent year-on-year and passenger vehicle sales plunged 31.5 percent in June.
Tata motors today launched upgraded versions of its Indigo ECS, Sumo Gold, Nano, Indica and also a new CNG range across its Indica, Indigo and Nano range.
Karl Slym wants to change the way Tata Motors makes and sells its cars. But the cars he has don‘t sell; and his idea of those that will should take at least two years to hit the market.
Tata Motors' total sales in March plunged 28 percent year-on-year to 72,712 units, as customers continued to shun passenger vehicles and medium & heavy commercial vehicle demand remained sluggish.
In order to revive falling sales, Tata Motors has come out with a new scheme for its Manza sedan buyers, who will get back 60 per cent of the purchase value if they re-sell the car to the company after three years.
Tata Motors today slashed prices of its Indica and Manza range of passenger cars by up to Rs 50,000 in order to prevent falling sales in recent months.
Tata Motors is set to slash prices of its Indica hatchback and Indigo sedan as its battles falling sales in the domestic market.
Tata Motors' consolidated profits have sky rocketed in recent years since the turnaround of its British luxury Jaguar Land Rover unit. However, its domestic business has been a drag this year and plunged to a wider-than-expected loss of Rs 458 crore in the third quarter.
Ratan Tata's reign at Tata Sons ends today. Cyrus Mistry will take over as chairman of the conglomerate that makes tea, coffee as well as software, steel, motor cars and everything in between. CNBC-TV18's Menaka Doshi takes a look at the life and times of Ratan Tata.
TATAMOTORS-INDIA-PIMPRI-NANO:Tata goes back to drawing board at stalled Pimpri unit
Tata Motors' total vehicle sales in October rose 6 percent year-on-year to 71,771 units, helped by strong demand for its hight commercial vehicles.
Tata Motors' sales in September slipped 4% year-on-year to 75,773 units due to sluggish demand for heavy trucks and passenger vehicles, although there was strong demand for the Nano car.
There were poetic speeches, humble requests, sadness and smiles as Ratan Tata chaired Tata Motors annual general meeting for the last time.
Tata Motors today reported a 15% increase in total sales at 74,159 units in July this year.
India's largest commercial vehicle maker Tata Motors' total sales in May rose 4% year-on-year to 64,347 vehicles, as strong growth in LCV sales and Tata Nano offset slowdown in demand for medium and heavy trucks and the Indica, Indigo range of cars.