Tata Motors Passenger Vehicles

On Tuesday, Maruti Suzuki India announced to increase prices of its models from January to offset rising input costs.

Mumbai, 18 JanuaryTata Motors expects to address 95 per cent of the passenger vehicle (PV) market by 2020, up from a little less than two-third now.There would be multiple product launches in segments where it currently doesn't have a presence, said Mayank Pareek, president for PV business at the company. "Currently, we are not in the fast growing segments, including the large hatchback one, and only 60 per cent of the addressable market. That's one big correction we have done -- we will be making sure that by 2020, we are in 95 per cent," said Pareek.The other step, he said, was to rationalise the number of platforms from the current six to two by 2020. This would allow it to reduce complexity, use common parts and, hence, cut costs by at least 18-20 per cent. "You can't have all the models based on different platforms," he explained.As part of this plan, all new models will be derived from only two new platform architecture -- either based on the Advanced Modular Platform or the .