Tata Motors' future product plans on hold but new launch

Its sit and think time for Tata Motors. The company has confirmed that it will put on hold the future product plans. However, some of the pre-announced launch will remain unchanged. The company is learned to take a call on some of the products depending on both the larger economic scenario and its own financial health. Tata Motors said that the products which were on drawing board have been delayed. According to two people with direct knowledge of the matter, apart from the future new products, Tata Motors had also planned an Indica refresh as well as a car positioned above the Indigo. Both of them are now on the back burner. The company, however, maintains that “no announced products are on hold, including the crossover (Indicruz).  “Some products in the existing or new segments that are in the blueprint stage may be delayed by 6-8 months because the company won’t spend on them right now,” said another person with direct knowledge of the situation. The product freeze is partly due to the current demand scenario both in the car and truck market.

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