- LATEST
- WEBSTORY
- TRENDING
BUSINESS
Tata Motors South Africa truck unit by year end
DNA Money had reported on May 14 that Tata Motors will soon set up an assembly plant in Roslyn near Pretoria in South Africa to cater to the African market.
Updated : Mar 17, 2018, 04:29 AM IST
TRENDING NOW
)
This 'small' film was rejected by 5 directors, was declared flop before release, became sleeper hit, earned Rs 70 crore
)
Meet IAS officer who had 57 postings in 33 years, with just 5 months to retire he has been assigned key role in...
)
Despite getting married to Sobhita Dhulipala, Naga Chaitanya retains romantic poster with ex-wife Samantha Ruth Prabhu
)
Kareena Kapoor rolls her eyes at Abhishek Bachchan at an event in viral video, netizens say 'this is curse of...'
)
Shillong Teer Results TODAY December 4, 2024 Live Updates: Check lucky winning numbers, prize money
)
Vikrant Massey breaks silence on his 'retirement' announcement, says his post was misread: 'I'm not...'
)
'My life is not fairytale...': Aishwarya Rai's statement goes viral amid divorce rumours with Abhishek Bachchan
)
Govinda's daughter on actor's 'toxic' relationship with Krushna Abhishek, reacts to their reunion: 'I don't speak...'
)
Vikrant Massey retires from acting: A look at his net worth, iconic roles, family life
)
Bryan Johnson, age-reversing millionaire, visits Mukesh Ambani's Antilia, shares pic with Shloka Mehta
)
Watch: Sachin Tendulkar reunites with childhood friend Vinod Kambli, netizens say, 'how life...'
)
Pushpa 2 first review out: Allu Arjun, Rashmika Mandanna impress but Fahadh Faasil leaves...
)
Sobhita Dhulipala to continue working in films after marriage? Naga Chaitanya says 'Like every Telugu household...'
)
Sanjay Dutt's premium Scotch whisky brand makes record sales in 7 months, it is priced at Rs...
)
Revealed! Here's why Vikrant Massey decided to retire from acting, insider says 'his fear is that...'
Tata Motors is working on setting up a truck assembly unit in South Africa by the end of the current financial year, a top company official said on Friday.
“We are looking at assembling medium-sized and small trucks there for now,” said its India head PM Telang.
DNA Money had reported on May 14 that Tata Motors will soon set up an assembly plant in Roslyn near Pretoria in South Africa to cater to the African market.
Tata Motors planned to assemble 25 tonne trucks there, followed by 19, 15 and 7 tonne commercial vehicles, the report had said. The Prima range of trucks will also be assembled there, along with buses and cars, in due course.
The details of the unit are being worked out and initial capacity could be about 3,000-4,000 units annually, Telang said.
At present, Tata Motors exports about 2,000-3,000 trucks annually to South Africa.
The company’s truck exports in the fiscal 2010 stood at 30,000 units and it expects exports to be good this year.
Tata Motors is looking at a 10-15% rise in its domestic truck sales in fiscal 2011, said Ravi Pisharody, its commercial vehicles head.
In fiscal 2010 the company sold 373,615 units of trucks, up 41% from a year earlier.
On its Prima range, Telang said that the concept of the world truck will take at least 4-5 years to find its place in the Indian market.
“So far we have managed to sell below 100 units of our world truck,” Telang said. Tata Motors will launch 4 variants of the world truck between September and March. It will also launch 3 buses in the 7,9 and 11 tonne category during the same period. The company will also launch LCV Magic Iris nationwide by October.
Tata Motors is confident of retaining share in the Ace segment despite the imminent competition, by launching 0.5 tonne Ace and another one with a higher horsepower by December this year.
It will increase the production of Ace by 5,000 units per month to 20,000 units in the next two months.
“As Nano production moves to Sanand, we will have some capacity left at Pantnagar, which will be used for the increase in Ace production,” said R Ramakrishnan, vice-president (sales and marketing) commercial vehicles.
