Tata Motors expect double digit growth in CV sales

The country's largest auto maker, Tata Motors today said it expects to clock a double digit growth in sales in the commercial vehicle (CV) segment this fiscal on the back of reviving market demand.

The company hopes to benefit from orders for delivery of 5,000 buses to various state and local transport bodies under Jawaharlal Nehru National Urban Renewal Mission (JNNURM).

It is also going ahead with the launch of its one-tonne 'Super Ace' truck in December, besides rolling out the Ace EX with stop-start engine nationally within the next few months.

"We hope the pattern (of market revival) would continue and maybe we can expect a double digit growth this fiscal," Tata Motors President-Commercial Vehicle Business Unit Ravi Pisharody told reporters here.

He said the second half of the fiscal is crucial to sustain the bounce-back.

"After months of slowdown, the light and medium CV market has bounced back since past few months and now even the heavy vehicle sales have started reviving. The next six months would hopefully be good," Pisharody said.

The auto major had registered a total sales of 2,65,012 units of CVs during 2008-09.

Its cumulative CV sales during the first six months of the current fiscal was 1,61,700 units, a jump of 11 per cent over the corresponding period last year.