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Bangalore, jan 21, 2014, DHNS:
The ongoing sluggishness in the manufacturing sector will continue to put pressure on the automobile sector in the country and upcoming general elections will determine the fortunes of the sector, a top Tata Motors official said on Tuesday.
Noting the recessionary trend in the economy, Ankush Arora, Senior Vice-President , Passenger Vehicles Unit (Commercial) Tata Motors Ltd, said that the company doesn't expect a mir acle in its sales fortunes in the 6-9 months. It launched the new Vista VX Tech and Nano Twist in the Bangalore on Tuesday and expects the company's market share to go up further with the new launches. Sales of Vista are currently in the range of 3,000 to 3,500 units per month and are likely to rise further with the launch of Vista VX Tech, Arora said. Bookings for the Nano Twist in Bangalore have touched 400 units.
The Vista range starts at Rs.4.97 lakh for Vista LS and goes upto Rs 6.12 lakh for the Vista VX Tech (ex-showroom Bangalore).
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