Tata Motors looks to rev up CV business for a turnaround

The CV segment brings 80% of the FY17 Rs 49,100 cr standalone revenues

Tata Motors, the country’s biggest automobile company by revenue, sustained cumulative losses worth Rs 7,200 crore during the last three financial years in domestic business, which mostly fell under the tenure of former Chairman Cyrus Mistry. No wonder that his successor, N Chandrasekaran, has sharpened focus on turning around the company as a part of his group strategy.

Within the company, Chandra’s priority is the domestic business as the luxury brand JLR is ‘doing well’. “We want to gain in commercial vehicles (CVs)... We want higher growth, higher market share and higher profitability. We are driving them very hard as