MAYANK PAREEK
Auto sector slowdown due to loan related issues, BS-VI transition: Tata Motors
"The sluggishness of the vehicle market in the country is going to be short-lived. We hope that sales of passenger vehicles will record pace by July-August before the festive season," Tata Motors president (passenger vehicles business unit), Mayank Pareek said.
Tata Motors commences bookings of BS-VI compliant PV range
"Tata Motors has been vigorously working towards a seamless transition to BS-VI. We are delighted to have reached this milestone and are elated to be the first in the business to announce the introduction of an entire range of BS-VI products at once," Tata Motors President, Passenger Vehicles (PV) Business Unit Mayank Pareek said.
Tata Motors to add another 100 sales outlets for passenger vehicles this fiscal
"We are expanding sales network. Basically, we are getting into new locations. Idea is that per dealer sales should go up. Dealers are excited with our product range and they are willing to expand their territories by opening new outlets," Tata Motors President (Passenger Vehicles Business Unit) Mayank Pareek told PTI. There was a plan to add 200 new sales outlets this fiscal, he added.
Tata Motors to hike passenger vehicle prices from January
"With BSVI products coming in, prices will increase from January," Tata Motors President (Passenger Vehicles Business Unit) Mayank Pareek told in an interview here. He declined to quantify the increase in prices but said the hike next month would be on a higher side as compared to earlier price revisions taken by the company.
Tata Motors sales down 34 per cent in October at 41,354 units
"In October retail sales were the highest in this fiscal recording a 70% increase month-on-month. In this fiscal, network stock has been reduced by 38%. October-end network stock is the lowest in last two years. This will help our network to be prepared for a smooth BS6 transition," Tata Motors President, Passenger Vehicles Business Unit Mayank Pareek said.
Tata Motors names Baleno's rival 45X concept car as Altroz, to launch premium hatchback in mid-2019
The model will compete with the likes of Maruti Suzuki India's Baleno, Hyundai i20 and Honda Jazz among others which are priced between Rs 5.45 lakh and Rs 9.34 lakh
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Tata Motors domestic sales fall 8% to 50,440 units in December
The company said its commercial vehicle sales in the domestic market stood at 36,180 units in December, down 11 per cent from 40,447 units in the same month last year.
Tata Motors to focus on EVs, shared mobility & rural market
The company is strategically positioning the Zest and the Bolt for the fleet and has plans to launch the EV version of Tiago and Tigor for personal buyers.
Tata Motors plans to roll out 10-12 new passenger vehicles in next 5 years
As part of its streamlining process for turnaround strategy, Tata Motors has already decided to reduce the number of platforms to two for developing the new vehicles.
Tata Motors to hike passenger vehicle prices by up to 2.2% from August
The company, which had increased prices in April by 3 per cent, however, said it expected sales momentum to continue despite the hike.
Tata Motors, BCCI tie-up for upcoming IPL
"We are delighted to have Tata Nexon as an official partner of the IPL. Having a leading Tata brand on board is a great testament to the IPL. We look forward to delivering great value to both the brand as well as the company," VIVO IPL Chairman Rajeev Shukla said.
Tata Motors to drive in new products to expand market presence
The company currently sells a range of vehicles from hatchback to SUVs playing in about 70 per cent of the market in India.
How Tata Motors cast off the pall of the Nano to win in the market with a slew of new launches
Last month, Tata Motors attained a target initially earmarked for 2019: becoming the third largest passenger carmaker in India.
Mayank Pareek of Tata Motors has no qualms in taking a lesson or two from the startup generation
He believes that most innovations and discoveries are not happening in offices but in back alleys.
Hexa will display impact design philosophy of Tata Motors: Mayank Pareek
Hexa will be our display of impact design philosophy which is to engage customers, to excite customers and excel in whatever we do, said Mayank Pareek.
After a 16-month wait, Tata Motors got Lionel Messi in the driver's seat
The company reveals how it took them 16-months of planning an a code name "him" to sign the world's most gifted footballer for a two-year deal.
Tata Motors ropes in soccer superstar Lionel Messi as global brand ambassador
In a major marketing initiative, auto major Tata Motors has roped in soccer superstar Lionel Messi as global brand ambassador for its passenger vehicles portfolio.
Rural demand decent so far, see huge opportunities in domestic auto market: Mayank Pareek, Tata Motors
"Our immediate focus is on the domestic market. This market offers good openings. We see big upsides there. So, that is what our prime focus in on."
Tata Motors rallies over 3% to fresh life high on growth plans; top Sensex gainer
Led by the Bolt launch and two more offerings expected in 2015, Tata Motors is aiming to outpace the local auto market in the next fiscal year.
We will excite the market, engage with it: Mayank Pareek
"You are right, most of our youth were born later. They have not seen what Tata Motors is. It will grow. People want the brand to succeed."
Maruti enhances market share in Q1, crosses 42 per cent
In the April-June period, the company sold 2,41,812 units of passenger cars and utility vehicles out of an industry total of 5,73,038 units.
Maruti Suzuki gains on reports of assembly plant in Africa
At 10:20 am, Maruti Suzuki was trading 1.97 per cent higher at Rs 1511.10. It has hit a low of Rs 1485 and a high of Rs 1515.20 in trade today.
Auto sector growth should be around 9-10% this year: Mayank Pareek, Maruti Suzuki India
In an interview with ET Now, Mayank Pareek, Chief Operating Officer, Maruti Suzuki India, shares his outlook for the auto sector and Maruti as well. Excerpts:
Auto industry will face pressure due to hike in petrol prices: Mayank Pareek, Maruti Suzuki
Hike will affect the entry level car buyer, because the entry level car buyers are very sensitive to the cost of ownership and the cost of running and maintenance.
Ertiga is for customers who find a sedan very boring: Mayank Pareek, Maruti Suzuki
We are planning to sell Ertiga in Indonesia as a CKD operation. That will start very soon. Thereafter we will watch the response.
CRR cut: Auto, realty players seek rate cut
Companies like Maruti , DLF, LG and Samsung told TOI that RBI measure would create "positive sentiments" in the market, but cautioned that "real growth" will come only with a cut in interest rate.
Rate hike will be a dampener for auto industry: Maruti Suzuki
A huge pressure will be around the margins because input costs are going up and marketing costs would also go up.
Our urban market has turned around: Mayank Pareek, Maruti Suzuki India
Maruti Suzuki India has seen a 28% y-o-y growth in their auto sales this November. ET Now catches up with Mayank Pareek, Managing Executive Officer (Marketing & Sales), Maruti Suzuki India Ltd for a clearer picture.
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