Monday, January 26, 2015
By Kriti Gupta
Tata Bolt received 1500 booking before the announcement of price
Tata Motors, an Indian multinational automotive manufacturing company who has badly affected from the slowdown in the auto market for the past few years has come up with a new Variant Tata Bolt.The price of Tata Bolt hatchback starts from Rs. 5.49 lakhs and goes high to Rs. 6.99 lakhs for diesel and Rs. 4.44 lakhs to Rs. 6.05 lakhs for petrol variants. Is is reported that before announcing the 1,500 bookings were made for the new hatchback. It is expected that the new hatchback will help the company to get back in the game as the other company were managed to come back from the slowdown in the market in India like Mahindra & Mahindra, Hyundai Motor India, Maruti Suzuki, Honda Cars India.
Previously, the Zest a compact sedan which was launched back in October 2014 improved the growth of the company after two years and the company is expecting the same with the Tata bolt. As the result of this, the shares of the Tata Motors are now also improving as the company closed recently at 2.7 percent higher share price (Rs. 566.30), while the whole market gained just 0.4 percent.
Now it is speculated that the Bolt will also increase the sales like Zest and will take it to the level or higher to its competitors. Also, the Tata Motors is about to launch some other products this year including Kite hatchback and sedan which will help the company in gaining some momentum and staying in the race.