India's Tata Unveils First New Cars in Four Years

Newswire

By Aradhana Aravindan NEW DELHI, Feb 3 (Reuters) - India's largest carmaker Tata Motors unveiled its first new models in four years on Monday, banking on two small cars to reverse the company's sliding passenger car sales in the face of growing foreign competition. Sales of Tata passenger vehicles in India fell an annual 37 percent in the first nine months of the fiscal year that ends in March, according to data from Society of Indian Automobile Manufacturers (SIAM), the steepest ...

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