Business Daily from THE HINDU group of publications
Monday, Oct 19, 2009
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Business Daily from THE HINDU group of publications Monday, Oct 19, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Corporate
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Outlook
Manu P. Toms Mumbai, Oct. 18 Tata Motors’ passenger car division unit expects a 16 per cent growth in its spare parts business for the current year. “Last year, we clocked a revenue of Rs 625 crore and expect it to grow to Rs 725 crore this fiscal,” Mr Vikram Sinha, Vice President, Tata Motors, told Business Line. The overall auto parts business in India, which includes trucks, buses, cars, two- and three-wheelers, is estimated at Rs 36,000 crore, of which 20 per cent is in the hands of the original equipment manufacturers such as Tata Motors, Mahindra & Mahindra and Eicher Motor. The need for spares is especially high in commercial vehicles largely due to the fact that they face rough use through the year. “Commercial vehicles are considered industrial products and are treated more like machines. Cars, on the other hand, stand for comfort and convenience and customers are more demanding when it comes to service,” Mr Sinha said. “As the vehicle population grows, so does the business of spare parts. At present, there are around 14 lakh Tata cars on Indian roads,” he added. Incidentally, spares for the Nano have reached all service centres. More Stories on : Outlook | Cars | Tata Motors Ltd
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