Tata
Tea ventures into lowest price segment
Pioneer
(Delhi) March 20, 2002
Tata
Tea on Tuesday forayed into the lowest priced
segment of the domestic packaged tea market with
the launch of its new brand Agni Sholay. The launch
follows the recent introduction of premium brands
- 'Tetley' and 'Tata Tea Premium' - and is expected
to complete the portfolio of the company that
claims to be the largest tea marketing company
in the world.
"The brand will be our vehicle to compete
in the fast growing lowest-end of the packaged
tea market," company's deputy managing director
Percy Signaporia said. The product, available
in pack sizes of 250gm, 100gm and 50gm with a
price tag of Rs 31.50, Rs 13 and Rs 6.50, respectively,
in the first phase would be available all across
north and eastern India. The states being targeted
are Uttar Pradesh, Haryana, Punjab, Bihar, Rajasthan,
Orissa, Uttaranchal, Jharkand, Himachal Pradesh
and other north eastern states.
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