Tata Motors to focus on cargo vehicles.
Tata Motors said it is focusing on cargo vehicles, including tippers, even as the medium and heavy commercial segment grew by just 3 percent in April-August. “Medium and heavy commercial vehicles (M&HCVs) in the first five months (of the current fiscal) saw almost a flat growth, a very negligible 2.5-3 percent. And this growth is triggered by tippers used in construction, mining and irrigation projects,” Rajesh Kaul, Business Head, Medium & Heavy Trucks, Tata Motors, said.
“Tippers witnessed a growth of 40-42 percent growth in this period… looking at the current scenario, the tippers segment will further grow because of the fact that a lot more has to happen on infrastructure, construction, irrigation, mining, and post monsoon, the tipper industry will further grow.”
The company is focusing on both cargo and tippers. Cargo, which is two-thirds of the industry, had “actually degrown” while the tippers segment has grown by 40 percent. Talking about the industry, he said around 80,000 units were sold in April-August, of which 19,000 were tippers. Asked about the company’s performance, he said Tata Motors saw a flat growth during April-August and sold around 43,000 units.
Originally posted on www.moneycontrol.com