News: Tata Motors to focus on Russian market
(BS 31/08/2006) Mumbai - As part of its global growth strategy, India's largest automaker Tata Motors is planning to enter the Russian market with diverse range of its products.
"Russia is a focus market in Tata Motors' global growth strategy. We have decided to enter Russia not just to sell our vehicles but also to be part of the Russian economy and grow with our customers by offering the best value proposition through products and services," P G Shankar,
head (International Business) of Tata Motors, said here today.
Tata Motors, which has already successfully launched assembly of LPT 613 light commercial vehicles (LCV) with their Russian partner AMUR, plans to enter the local market with a diverse range of small, medium and heavy trucks and buses, Shankar said.
"Over 500 LCV capable of carrying 5 tonne load are already on the Russian roads and next year we plan to assemble 1000 trucks with AMUR, our partner," Shankar, who looks after the commercial vehicles unit of the company, said on the sidelines of the opening of the Moscow International Automobile Salon here today.
Tata Motors hope to sell about 6000 commercial vehicles per annum over the next three years, he said.
"We are also exploring opportunities for investments in product development, marketing and even manufacturing. We have a long term vision and Tata Motors are here to stay...The company has already localised 55-60% of its LCV assembly in Russia, Shankar said.
"Russia is a focus market in Tata Motors' global growth strategy. We have decided to enter Russia not just to sell our vehicles but also to be part of the Russian economy and grow with our customers by offering the best value proposition through products and services," P G Shankar,
head (International Business) of Tata Motors, said here today.
Tata Motors, which has already successfully launched assembly of LPT 613 light commercial vehicles (LCV) with their Russian partner AMUR, plans to enter the local market with a diverse range of small, medium and heavy trucks and buses, Shankar said.
"Over 500 LCV capable of carrying 5 tonne load are already on the Russian roads and next year we plan to assemble 1000 trucks with AMUR, our partner," Shankar, who looks after the commercial vehicles unit of the company, said on the sidelines of the opening of the Moscow International Automobile Salon here today.
Tata Motors hope to sell about 6000 commercial vehicles per annum over the next three years, he said.
"We are also exploring opportunities for investments in product development, marketing and even manufacturing. We have a long term vision and Tata Motors are here to stay...The company has already localised 55-60% of its LCV assembly in Russia, Shankar said.
posted by InCar Group Press Room at 21:11
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