Tata Motors expects to roll out its CV sales by the second half of the next fiscal
New Delhi, December 17 () Tata Motors expects the commercial vehicle (CV) business to remain on the slow track for the next few months and test turnaround only in the second half of next fiscal, a leading source said. company official.
Expected to remain muted, the company aims to slow the introduction of the following CVs to BS-VI in the domestic market.
What I read is that the first half of the next fiscal especially in the CV segment is unpredictable, Tata Motors CEO and MD Guenter Butschek said.
The growth of the CV industry is linked to the country's economy, he added.
The government has launched various initiatives ... all of these factors will give us a positive outlook in the second half of the next fiscal, he said.
While the move to BS-VI in passenger vehicles (PV) is on track, the company has been slow in introducing upgraded CVs to the market due to low demand, he added.
For PVs the shift will take place over the next few weeks, in the CV segment situation is slightly different not because we are running late but due to another market situation, Butschek said.
In the CV segment, the company did not actively move to BS-VI before April 1, 2020, he added.
What we read in the market is that there won't be too much of a demand .. your play on BS-VI starts on April 1, before it's BS-IV products, Butschek said.
As per SIAM data, CV sales were down 14.98 percent to 61,907 units in November compared to a year ago.
In April-November, CV sales decreased 22.12 percent to 5,04,080 units compared to 6,47,278 units during the same period 2018-19.
In the domestic market, the company reported a 29 per cent fall in CV sales to 2,17,130 units in the current financial year compared to 3,05,395 units in the April-November period of 2018-19.
Butschek said the company embarked on a mission zero to find that no BS-IV vehicles were left after April 1, 2020. By the end of this fiscal, Tata Motors will have no remaining BS IV vehicles, nor any material previously commissioned to manufacture BS-IV vehicles ... with the meeting now being a daily romance, says Butschek. MSS RUJ RUJ