Buoyed by recovery in the segments of commercial vehicles and an increase in the economy, the Market leader Tata Motors anticipates about 14 to 15 percent growth in its commercial vehicles sales in 2017. The sales growth will reflect in LCVs (Light Commercial vehicles), HCVs (Heavy Commercial Vehicles) in addition to the trucks and tippers.
Mr. Ravi Pisharody, Executive Director, Tata Motors said that, the first two noticed double digit growth, for the first time, in many quarters during the month January – March.
The medium and heavy commercial vehicle segment (M&HCV) has been growing for some time now, which accounts for 60 to 70% of Tata Motors’ CV revenues. But for a full scale recovery in CV sales, the financing environment needs to improve, He added.