Hyderabad, January 20, 2012: Tata Motors, India’s largest automobile company, today proudly announced the inauguration of 4 new outlets in the twin cities of Hyderabad & Secunderabad, commissioned by Tejaswi Motors (3 new outlets) & Detroit Motors (l outlet). The new dealership was inaugurated by Mr. R Ramakrishnan, Vice President (Commercial), Passenger Cars, Tata Motors. This is in line with the company’s commitment towards its growing list of customers in the region and reaffirms their commitment toward total customer satisfaction.
Present from Tata Motors at the Press Conference at the city’s newest flagship property of ButtaGoup, The Square Hyderabad, a premium business hotel in Green1and’s, where, Mr.R. Ramakrishnan, VP Commercial - PCBU, Mr. PrashantFadnavis - Head Marketing Services PCBU, Mr. PrashantSibal, Regional Manager PCBU South l, Mr. Venugopal Reddy, Regional Customer Support Manager &Mr.Venugopal TS Nair, RDDM PCBU.
Mr. R. Ramakrishnan said, "Today marks a significant step in our growth strategy for the Indian market. The opening of new outlets demonstrate close co-operation between TaTa Motors, Tejaswi Motors and Detroit Motors and we are keen to develop this further".
Mr. Neelakanta, CMD Butta Group, said: "Tejaswi Motors is delighted to have officially opened our 3 more showrooms in Hyderabad. We are excited about the prospect of new showrooms in Hyderabad for the Andhra Pradesh market wherewe have achieved significant growth since we opened our first showroom in 2010. It is a great time to be expanding our operation in Andhra Pradesh due to the increasing demand for Cars”. Mr. SubbaRaju also reaffirmed his commitment towards growing the Tata business in the twin cities.
Speaking at the event, Mr. Neelakanta also said this growth is in line with the group’s ambitious expansion plans which now have 5 exclusive outlets for Tata and a soon to be opened exclusive Fiat outlet in Hyderabad which will be the first in India. In addition, the Butta Group, spearheaded by Mr.Neelakanta also represents Honda 2 wheelers via 3 exclusive outlets in Hyderabad, apart from hospitality (hotels & restaurants), education (Meridian schools) and branded retail. Mr. SubbaRaju also reaffirmed his commitment towards growing the Tata business in the twin cities.
About Tata Motors
Tata Motors is India’s largest automobile company, with consolidated revenues of Rs.1,23,l33crores (27 billion) in 2010-l 1. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, Spain and South Africa. Among them is Jaguar Land Rover, the business comprising the two iconic British brands. lt also distributes Fiat cars in India, and has an industrial joint venture with Fiat in India. With over 6.5 million Tata vehicles plying in India, Tata Motors is the country's market leader in commercial vehicles and among the top three in passenger vehicles. It is also the world's fourth largest truck manufacturer and the third largest bus manufacturer. Tata cars, buses and trucks are being marketed in several countries in Europe, Africa, the Middle East, South Asia, South East Asia and South America. (www.tatamotors.com)
About Butta Group:
A small but expanding business conglomerate; currently Butta Group’s annual turnover is approximately USD 130 million.
We have 4 different verticals:
1. Butta Education - A very renowned & well established network of schools in Hyderabad - Meridian Schools, is the first step under Butta Education. We currently have three schools in Hyderabad located in premium locations of Banjara Hills, Madhapur and Kukatpally; and a preschool at Jubilee Hills. The Meridian School is a brand to reckon with.
2. Butta Retail - Represents several global high end brands such as Swarovski, Omega, Tanishq amongst others via a chain of high end retail outlets. We will be adding more brands to our portfolio. The group has three retail outlets for Tanishq Branded Jewellery and Four retail outletsfor Titan premium Eye wear and a multi brand luxury retail destination -Time in Style housing Swarovski, Omega & Tag Heur and several other brands.
3. Butta Hospitality - A chain of successful hotels & specialty restaurants including a new flagship 81 room property in the heart of the city has recently been launched - The square Hyderabad. The Hospitality vertical consists of Hotels and stand alone restaurants. We have two stand alone high end restaurants and four Hotels.
4. Butta Automotive - We currently represent 3 different brands, both in 4 wheelers and two wheelers (Tata, Fiat & Honda 2 wheelers). Each brand is run as an independent profit center. We currently have 6 different outlets with another 3 due to open in the next few weeks.
As part of Fiat India plan to go exclusive, we are the first entity in India who has been appointed to open a flagship Fiat exclusive outlet, which is currently undergoing construction in Jubilee Hills, slated to open on the lst of Feb.
All our business streams are undergoing expansion, we are acquiring franchisees of more brands such as Mont Blanc for the retail division, and we are in talks with several other auto/ auto ancillary products
For representation,we also have plans for multibrand workshops.
We have clearly defined short, mid &long-term goals, focusing on consolidation & expansion.
We believe that we have the necessary vision, capability, processes & systems & qualified intellectual capital to move forward with our expansion plans and add value to our partners.
For Further Information please contact:
KalyanChakravarthy
Mob: +91 9346207624
Email:
[email protected]
MadhusreeVemuru - Group Coordinator (Marcomm), Butta Group
Mob: +91 9849981604
Email:
[email protected]
