Brand : Ace
Company: Tata Motors
Brand Count : 97
TATA Ace is the classic case of marketing success in India. What ever factors that Kotler have spoken about to successfully launch a new product, it is there in this product. Ace is Tata's answer to the marketing myopia of three wheelers.
Ace is a .75 ton truck in the commercial vehicle segment which is dominated by large trucks. It can be called India's first mini truck . Launched in May 2005, Ace has become a blockbuster and is expected to create a huge dent in the three wheeler goods carrier market.
Till the lau
nch of Ace, the sub one ton loads were transported by the three wheeler goods carriers. Although the quality and performance of these three wheelers are less than desirable there was still huge demand for these vehicles. It is this market that Ace is trying to capture. It is the transportation at the " last mile" market that Ace has captured.
Company: Tata Motors
Brand Count : 97
TATA Ace is the classic case of marketing success in India. What ever factors that Kotler have spoken about to successfully launch a new product, it is there in this product. Ace is Tata's answer to the marketing myopia of three wheelers.
Ace is a .75 ton truck in the commercial vehicle segment which is dominated by large trucks. It can be called India's first mini truck . Launched in May 2005, Ace has become a blockbuster and is expected to create a huge dent in the three wheeler goods carrier market.
Till the lau
nch of Ace, the sub one ton loads were transported by the three wheeler goods carriers. Although the quality and performance of these three wheelers are less than desirable there was still huge demand for these vehicles. It is this market that Ace is trying to capture. It is the transportation at the " last mile" market that Ace has captured. Ace had all the qualities of a winner. It is cute, the engine is good interms of mileage and performance, the comfort factor is very much there and more over it is a Truck and not an Auto. Priced competitively at 2.25 lakh to 2.40 lakh, Ace is a value proposition that no one can refuse.The brand was launched at a point where there was a need for transportation of good speedily and conveniently and in a cost effective manner.
The target segment are those who want to upgrade from these three wheelers. The brand Ace has its own limitations. Hence Tata was careful not to overhype the product so that it will "under promise " and " over deliver".
Although the product took around Rs180 crores to develop, the brand is giving rich returns for Tata Motors. The company is working overtime to deliver the orders and is looking for expansion of production of Ace. Even Ace is looking at overseas and is exporting to Srilanka and Bangladesh.
The success of Ace has opened up a new category in the commercial vehicle market. It is reported that Ace had already captured 65% of the small commercial vehicle segment and is expected to contribute an additional turnover of Rs 2500 crore.It is again a sign that Tata Motors have identified the DNA for marketing success in Indian market.
Tata Ace : Small is really BIG......
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