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Tata Motors expects PV industry to surpass FY19 volumes this fiscal

The firm expects a better business environment this fiscal even as chip shortages continue to making it challenging to cater to the enhanced demand

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Photo: Bloomberg

Press Trust of India
Tata Motors expects the domestic passenger vehicle industry to surpass the peak sales number of 34 lakh units achieved in FY2019 this fiscal on the back of robust demand and less COVID-related disruptions that were witnessed in the last two years, according to a top company official.
The company expects a better business environment this fiscal even as chip shortages continue to making it challenging to cater to the enhanced demand.
The auto major also listed increase in commodity prices as a significant factor that could have a bearing on its profitability in the ongoing fiscal.
"Talking about FY23, on the projections that

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: May 23 2022 | 2:12 AM IST

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