Tata Motors enters Bangladesh's new car market
Tata Motors today made its maiden entry in the Bangladesh new car market, introducing two sedans and a hatchback. They are the Tata Indigo eCS, India's most fuel-efficient compact sedan, the Tata Indigo Manza, a luxury sedan, and the Tata Indica Vista hatchback, with class defining space. The Manza and the Vista are born out of Tata Motors' new car platform.
- (1888PressRelease) November 27, 2012 - Speaking on the introduction of the passenger cars in Bangladesh, Mr. Karl Slym, Managing Director, Tata Motors, said, "We are happy and honoured to enter Bangladesh with our passenger cars. Our 40-year association with Bangladesh has given us an insight into the aspiration of the country's motorists. They will be central to our business - we will delight them with the performance of our cars and the comfort and excellence of our service, and establish ourselves as we have in commercial vehicles since 1972."
Mr. Johnny Oommen, Head, International Business, Passenger Cars, said, "Bangladesh's customers for new cars demonstrate high discernment. They will see that reflected in our cars. Our service will be easy-to-reach and prompt."
Mr. Abdul Matlub Ahmad, Chairman, of the company's distributor, NITOL Motors, said, "Our association with Tata Motors goes back over two decades, and we are extremely happy that, in addition to commercial vehicles, Tata Motors has now placed their confidence in us to market their passenger cars and utility vehicles. We share Tata Motors' commitment to its customers in building a business for perpetuity."
To begin with, they will be available in Dhaka with one showroom. By 2013, three other cities will be covered, with a showroom each.
Tata Motors has a 40-year heritage in Bangladesh, having introduced its buses in 1972. There are about 53,000 Tata commercial vehicles on Bangladesh roads. The company is today the market leader with a 70% market share.
About Tata Motors
Tata Motors is India's largest automobile company, with consolidated revenues of around $ 32.5 billion in 2011-12. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, Spain and South Africa. Among them is Jaguar Land Rover, the business comprising the two iconic British brands. It also has an industrial joint venture with Fiat in India. With over 7.5 million Tata vehicles plying globally, it is the world's fourth largest truck and bus manufacturer. Tata cars, buses and trucks are being marketed in several countries in Europe, Africa, the Middle East, South Asia, South East Asia and South America.
About Nitol Motors
Nitol Motors is a part of the Nitol-Niloy Group. From a trading company in early eighties, the Nitol-Niloy Group has literally become a household name in less than twenty years. Over the years, it has expanded its activities into different sectors in order to ensure excellence in service to customers..
The main thrust of Nitol-Niloy Group comes from marketing Tata commercial vehicles in Bangladesh, including buses, trucks, passenger version pickup trucks, maxi and construction equipment. Since 1991, it commenced assembly and building body of Tata vehicles.
The Nitol-Niloy Group has a strong, diversified profile in Bangladesh. It has diversified from trading to assembling of vehicles, bus body making, after sales support, insurance, transport and aviation services, financial institutions, manufacturing industries, real state including building of satellite townships, properties development and sports promotion. The group's annual turnover is estimated to cross taka 500 crores.
Nitol-Niloy Group is looking at a new horizon of attainable dreams.
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