Wheels Unplugged
New Delhi, Feb. 15 -- One of the fastest growing segments in Indian automobile market is utility vehicles segment which has continued to grow in spite of general economic slowdown impacting the overall volumes of the automotive business in the country. Now according to a report in The Hindu Business Line, Tata Motors Ltd sees its UV market share going up to 15 per cent this fiscal; up from 13 per cent it registered last year. The report quoted Ashesh Dhār, Head-Utility Vehicle Product Group, Tata Motors Ltd as saying "The growth has been fuelled by growing volumes from SUV Safari and Sumo, with the latter now notching up average sales of about 3,300 a month, up from about 1,100 it was registering before the launch of Sumo Gold. The Sumo Gold was rolled out in select markets in October 2011 and within 30 days we will take it pan-India. The rollout of new models in the Sumo Gold family and Safari have created excitement among buyers.
Given their value proposition and features they offer, we are seeing good volumes coming this year. Last year, we registered total sales of 41,000 vehicles in the UV business. This will go up this fiscal with growing numbers from Sumo." Dhār was also quoted as saying that the Sumo has made big strides since its introduction in India about 18 years ago. The new Sumo Gold, with refreshed looks, more powerful CR4 engine and attractive price band, has been received well in the market, both rural and urban areas. Sumo has 15 per cent share in the segment it operates.