News: Tata Motors targets to double passenger car sales network by 2020

Tata Motors is planning to extend its reach across India by doubling the dealer network by 2020. For the expansion drive, the Company is targeting both rural areas and urban cities in order to get a dominant position in the Indian passenger car market.

Currently, it has 500 touch points in the country and the plan is to add equal number of dealerships. By 2020, the passenger car market is expected to reach 5 million units per annum from the 2.5 million market at present.

Read More

Market likely to focus on auto sales, reaction to GDP growth

As Indian gross domestic product (GDP) witnessed a subdued growth of 4.7% for December quarter in comparison to 4.8 % and 4.4 % in the last two quarters, trading will be carried out as a reaction to the same in this week.

A major focus is expected to be on auto stocks as it came across a declining sales data in February. Companies, like Tata Motors, Maruti Suzuki and Mahindra & Mahindra reported a turn down in their sales.

Suggested readings: RISING DEMAND OF USED CARS IN INDIA

Read More