Tata Group to Launch Trucks in Saudi Arabia
Saudi
Arabia: Tata
Motors is going to launch trucks in Saudi Arabia Commercial Vehicle under its brand
name Tata PRIMA. The technology of heavy duty truck is based on the Italian cab
design with engine technology from United States, chassis frame from Mexico and
sheet metal dies from Japan as well as Korea. Tata Motors has tied up with
Manahil International Company, a unit of Mohamed Yousuf Naghi & Brothers
group (MYNM) for selling their commercial vehicles in the country.
“The launch of our
next-generation range of Tata PRIMA heavy-duty commercial vehicles is an
important milestone in our journey towards further enriching the value trucking
proposition, in one of the largest construction and infrastructure hubs in the
Middle East.” “Shaped by technology know-how and expertise from across the
globe, the Tata PRIMA is world-class in every sense, enabling customers to upgrade
to a next-generation commercial vehicle, with the trusted credentials and
reliability of the Tata Motors brand, as they ready themselves for the next
wave of growth in the country’s logistics sector. As the country readies itself
to become the largest construction and infrastructure destination in the world,
we at Tata Motors are geared up to meet customers’ requirements of the market
and will continue to introduce new products and solutions as we move forward”, said
Ravindra Pisharody, Executive Director, Commercial Vehicles Business Unit, Tata
Motors.
“We are delighted to launch
our next –generation range of Tata PRIMA heavy-duty commercial vehicles here in
the KSA today. The Tata PRIMA has been built based on over six decades of
experience in the commercial vehicles business and has been introduced, based
on increasing customer preferences for a new-generation commercial vehicle with
superior performance, suitable for more trips and long duty cycles, with the
benefits of lowest turnaround time." "An integral part of introducing
the Tata PRIMA range here is Manahil International Company, a partner that has
showcased tremendous enthusiasm and passion in the country’s commercial
vehicles industry and the Tata Motors brand. They are as customer centric as we
are. Through this partnership, we look forward towards further strengthening
our relationship with our customers here in Saudi Arabia” said by Rudrarup
Maitra, Head of International Business, Commercial Vehicles, Tata Motors
As per TechSci Research, the decision made by Tata to launch its
renowned line of heavy duty trucks in Saudi Arabia would give the company an access to a huge
customer base present across the nation. Considering the growing popularity of
Tata brand in the country, gradually, the sale of the indicated new heavy duty
truck would increase in the Saudi Arabia commercial vehicle market in coming
years.
According
to a recent report published by TechSci
Research, “Saudi
Arabia Commercial Vehicles Market Forecast & Opportunities, 2021”, In 2015, Light Commercial Vehicle (LCV) segment dominated the country’s
commercial vehicle market, followed by the bus and Medium Commercial Vehicle
(MCV) segments. LCV segment is forecast to continue its dominance in Saudi
Arabia commercial vehicles market on account of its extensive use in logistics
industry. Some of the major companies operating in the country’s commercial
vehicles market are Toyota, Mitsubishi and Isuzu, among others. The Government
of Saudi Arabia plans to increase its share of non-oil exports in non-oil GDP
from 16% to 50% by 2030. Moreover, the government plans to become one of the
largest construction and infrastructure markets in the world. This move is
expected to induce a positive impact on the commercial vehicles market in the
country over the next five years. Moreover, under the Saudi Vision 2030, the
Government of Saudi Arabia has made long term plans for the infrastructural
development of roads, metro, rail, ports, etc.