Monsoon deficit not to impact sales, says Tata Motors

Auto major Tata Motors today said that the monsoon deficit would not impact the sales as there are expectations that demand from mining and construction sector would rise.

"The growth is not so much dependent of agriculture only, there are expectations that manufacturing and mining are on their way up and the overall economy also, " Tata Motors Executive Director Commercial Vehicles Ravi Pisharody said on the sidelines of Siam meeting.

He further added, "The other thing is that monsoon has not been a disaster unlike the few years ago. It has been fairly good for half of the country. I think to impact, it needs at least two or three successive years of failure."

Pisharody also hoped that the sales in the coming festive season would recover, specially for the smaller vehicles.

Tata Motors, which had made profit after five successive quarterly losses in May this year is positive for next three to four quarters.

"I think that for the next three to four quarters I don't have concerns... ," said Pisharody.

On comercial vehicle exports, he said that Tata Motors is doing well.

"If you talk about Tata Motors, we are doing very well on export. The products which we have rolled down in last five years are extremely competitive and good for most markets," he said.

He further added that the exchange rates situation is also helping the company.

"I really believe that most big Indian players will be looking on exports, as prospect is good and in a way they are looking for something to counter the large dependence on the Indian market," said Pisharody.

Over government's suggestions to go directly to Bharat VI emissions norms by skipping the Vth stage, he said that government is now considering the suggestions to go stepwise.

"We have suggested that's not the way to go. We must go through routine of BS IV to V and VI. Even the most developed market as Europe has gone through that routine... By and large I believe that government is falling in line what we are trying to say." Pisharody said.