New Delhi, Mar 5 (UNI) Tata AutoComp GY Batteries (TGY), a 50:50 joint venture between Tata AutoComp Systems and GS Yuasa International, today said it has won a contract worth Rs 12 crore from the Indian Army to supply 25,000 batteries.
''The technical team of the Indian army visited our plant at Pune and in a record time of one month, the evaluation was completed. We have won the first order for 25000 batteries which will be supplied by March-April,'' company's CEO Yogesh Dhawan told reporters.
TGY has introduced 23 batteries in automotive and inverter battery segments across Passenger Cars, Utility Vehicles, Commercial Vehicles, Tractor, Two-wheeler and Inverter batteries.
The CAGR for battery market is 10-15 per cent, in alien with automotive growth, Mr Dhawan added.
The company has a network of 17 CFA's, 600 dealers, 3100 sub-dealers, 155 distributors and 55 franchises all across the country and has outlayed further expansion of its reach to 5000 retailers by the end of this year.
Mr Dhawan said that the company is targeting a 10 per cent market share in the selected segments of organised Four wheelers aftermarket.
''The company is targeting an overall production of one million batteries for the financial year 2008-09, which will be expanded to 1.5 million by 2009-10 and two million by 2010-11.
The Tata Green Batteries also launched inverter batteries today in two variants 135 AH and 150 AH priced at Rs 9478 and Rs 10,280 respectively.
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