CHENNAI: Auto major TATA Motors Ltd has drawn up plans, including setting up a new format for showrooms, doubling of sales and service outlets, as part of its vision to enter the top three automobile manufacturers in the country slot by 2019, a top official said here today.
"Our ambition is to be on Number 3 (automobile manufacturer) across the country by 2019. Right now, we are fifth (position). Already, in Tamil Nadu we are ranked No 3", Tata Motors Ltd, Passenger Vehicle Business Unit, President, Mayank Pareek told reporters here.
Elaborating, Pareek said the company would tap technology to set up digital showroom expected to come up in Mumbai initially and had also planned to increase the sales and service outlets present across the country by 2020. "Right now, our sales network is 700. We will more than double sales by 2020. That is the plan", he said.
On the outlook for financial year 2017-18, he said the company hopes to grow more than the industry growth. "For the next year, the industry forecast is expected to be at 9-10 per cent growth. We will be doing better than industry. We certainly promise to do much better than industry growth", he said, without declining to reveal any figures.
Last year, the industry grew by nine per cent while Tata Motors registered 22 per cent growth, he said.
On the exports front, Pareek said the company would focus more on the domestic market though it ships some of its products in small quantities to various countries. Pareek and senior company officials were here to unveil the latest compact sedan Tigor priced from Rs 4.82 lakh (ex-showroom Chennai) for base petrol variant while the diesel top end variant is priced at Rs 7.28 lakh (ex-showroom-Chennai).