Tata Bolt expected to bring double digit growth in FY 2016

Tata Bolt to bring double digit growth for the company in FY 2016

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The comeback strategy of Tata Motors seems to be working fine. The company is banking on new product launches as well as improved dealership experience for customers. Tata Motors has been working hard on enhancing every aspect of building and selling cars, to revamp the brand image and earn back customer trust.

Tata Bolt-001 Media Drive
Tata Bolt hatchback is slated to launch on 22nd January 2015.

Mayank Pareek, President of Passenger Vehicle Business Unit at Tata Motors, said last quarter of 2014 was good for the company in terms of sales and Zest has been increasingly attracting buyers. He added that the company received 5,000 bookings for the compact sedan in December 2014.

Launch of Tata Bolt is expected to improve the sales momentum for the local automaker, given that Zest is receiving positive feedback and Bolt will essentially be a more affordable (though smaller) alternative to Zest.

Tata Bolt
April-December 2014 sales of Tata Motors’ passenger vehicles has declined by 11 percent at 92,227 units over the previous fiscal, while December 2014 sales had improved by 30 percent year-on-year at 12,040 units.

Tata Motors has trained 1,276 people on the dealership side in the areas of soft & hard skills and how to communicate with customers better. This new workforce has one and only task, to sell the Bolt.

Via – Economic Times