Tata Motors Passenger Vehicles Ltd.

Tata Motors, country’s largest automobile company has introduced a car buy-back plan, in order to revive declining sales. As per the plan, the company is offering to buy back its Manza sedan after three years at 60% of the purchase price. This offer is limited for next two months.

Recently, the automaker has reduced prices of its passenger cars, which includes Indica and Manza by up to Rs 50,000 in order to avoid falling sales in recent months. However, it increased the prices of its sports utility vehicle range, comprising Sumo, Safari and Aria, by up to Rs 35,000 following the excise duty hike in the Budget.

The entity’s total sales including exports of Tata commercial and passenger vehicles in February 2013 were 61,998 vehicles. The company’s domestic sales of Tata commercial and passenger vehicles for February 2013 were 58,002 units. The cumulative sales including exports for the company for the fiscal were 736,454 units.