MG
Rover, Tata Motors roll out CityRover for European
market
Financial Express
September 17, 2003
Pune:
The wheel has turned full circle. In what can
be termed as a landmark development in the country’s
indigenous automobile industry, MG Rover Group
in association with Tata Motors has rolled out
its first batch of CityRover for the European
market. This “Made in India” tagged car is expected
to hit the road in November this year.
V Sumantran, executive director, Tata Motors,
handed over the first CityRover to Kevin Howe,
chief executive officer, MG Rover Group, at the
ceremonial roll-out of the first CityRover off
the assembly-line at the Tata Motors plant in
Pune on Tuesday. The duo are already talking of
their next collaborations and indicated this is
only the beginning without divulging any future
programme details.
Mr Howe said, “In order to effectively meet the
market requirements of the United Kingdom, we
felt the need to introduce a small car which would
target the ‘city car’ sector. Tata Indica is a
product of international standards that fits in
perfectly with our requirement as the basis for
the CityRover. The CityRover will help us open
a new customer segment in the highly competitive
UK market.”
Mr Howe said that this segment was not particularly
brand loyal and was looking for good value. There
is a shift towards small car in the market which
augurs well for the car, he added. As of now there
will only be a petrol version but diesel version
will be the next on the cards as and when it is
able to meet the new Euro III emissions norms.
He added, “As per our agreement with Tata Motors,
we have a contractual obligation to sell 1,00,000
units in next five years. I believe that our association
with Tata Group will help in raising the awareness
of the Tata brand and Tata products in the European
markets.”
The ‘city car’ sector positioning provides the
most competitive value for money blend of space,
performance and specification. The car will be
sold in the price band of ś6,500 to ś8,500.
As per his estimates, the ‘city car’ sector of
the overall European small car market accounted
for 1.5 million units annually.
V Sumantran, executive director, Tata Motors,
said, “The CityRover retains all the attributes
of the Indica which have made it one of India’s
biggest successes, while introducing into the
car characteristics which are unique to Rover
and, therefore, suited to that brand and the driving
environment in the UK and Europe.”
The agreement between Tata Motors and MG Rover
was inked in December 2002. Speaking at that occasion,
Ratan Tata, chairman, Tata group, said, “This
agreement will enhance the volume throughput of
the Indica plant significantly."
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