Tata Motors launches CRDi Safari

New Delhi, Aug 3 | Updated: Aug 4 2005, 06:16am hrs
Tata Motors has lowered its sales growth forecast for the financial year. The year has got off to a slightly slower start than what many had anticipated. But I think in the rest of the year, we will catch up. But overall, this could very well turn out to be a single-digit growth year, executive director (passenger cars), V Sumantran said.

The recent floods in Maharashtra and Gujarat, and a high base are some reasons for the slow rate of growth. Apart from this, negative factors like price increases, firming up of interest rates and fuel price hike are also likely to contribute to the deceleration, added Rajeev Dube, senior vice president.

In the April-June quarter, the companys passenger vehicle business was flat, up 1% to 41,191 units. For the last financial year, sales volumes had grown at 28% to 179,076 units.

Meanwhile, Tata Motors on Monday launched a CRDi (common rail diesel injection) variant of its sports utility vehicle Safari with a tag of Rs 7.82 lakh. With this the company expects sales to increase by 25% from the current 250-300 units per month, said Mr Sumantran. He also indicated that the company has plans to offer other models with CRDi technology in the future. In the course of time, the common rail technology will find its way to the Indica, Indigo and Sumo models as well. But I cannot specify exact dates, he said.