Tata Motors is planning to introduce new fuel efficient cars and hybrid vehicles in emerging markets and is seeking to raise sales of luxury brands Jaguar and Land Rover in China and India.
The company plans to launch in India, a new cross-over vehicle, two new passenger vehicles and a new range of heavy trucks, according to Tata Motors Chairman Ratan Tata.
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Tata said the company is also considering widening the range of Jaguar cars by introducing a station wagon, a new entry-level Jaguar, and a new roadster.
China’s demand for cars has fueled a rise in bottom lines of many car makers. Sales grew almost 48 percent in 2009 to 8.4 million vehicles. In India, total passenger car sales increased 24.5 percent to 1.9 million units in the fiscal year ending March.
The company also plans to revamp its entire Range Rover portfolio and promises “the new Range Rover ‘EVOQUE’ will have be a bold design evolution in sports utility vehicles (SUVs).”
Tata Motors, whose products include the world’s cheapest car, Nano, bought the Britain-based Jaguar and Land Rover brands from Ford in 2008.
Tata Motors posted a 41 percent growth selling 67,799 vehicles in July 2010 as against 48,054 vehicles in the like period of 2009, including exports.