Girish Wagh

India's growth story will support long-term CV demand: Tata Motors CEO

The implications of West Asia war, specially diesel price hike, will have a short-term impact on domestic commercial vehicle demand, which is expected to grow in single digit this fiscal but India's macro-economic growth will help overcome it in the long term, Tata Motors Ltd MD & CEO Girish Wagh said on Thursday. Terming fuel price hikes and increase in cost of commodities as "cyclical headwinds", he said those will lead to some changes in the quarterly and annual demand but in the long term "India growth story will lead to increase in road freight, and therefore the commercial vehicle demand". "We do have short-term headwinds. The Middle East crisis, the resultant increase in oil prices, and the final resultant but reduced intensity increase in diesel prices -- it is a headwind," Wagh told reporters in an interaction. Noting that commodity cost increase is also a headwind, he said adding "but we believe that these are more cyclical headwinds". Presenting a bullish long term ...

E-trucks reach diesel cost parity in 3-5 years, says Tata Motors CV

Wagh said Tata Motors is targeting hard-to-abate sectors with a full e-truck ecosystem, and added it will participate in the upcoming 6,000-bus tender after missing the 10,900 e-bus order

M&HCV, bus sales shift up in Q1; top 4 companies register 7.2 growth

H2FY25 expected to see demand revival as monsoons end; H1 affected by elections

Govt support needed till EV penetration reaches desired level: Girish Wagh

Support provided by the government to promote electric and zero emission vehicles through schemes such as FAME II, need to be continued till penetration of such automobiles crosses a particular threshold with a good level of localisation, according to Tata Motors Executive Director Girish Wagh. There is also a case to consider the extension of the FAME II scheme, which will come to an end next year and include bigger electric buses to avail of subsidy, he told PTI. "The government has done a terrific job to promote, or more than promote I would say, ignite electric vehicle or zero emission vehicle demand. Whether it is FAME phase I, phase II, now PLI and state level incentives, a lot of policy measures, the government has really done a terrific job," he said. Wagh further said, "So, our expectation would be that the government continues with this till the electric vehicle penetration crosses a particular threshold where there is a good level of localisation. Once you have a particul

Tata Motors promises commercial vehicle range for city transportation needs

Tata Motors will commercially introduce Ace EV in 10 cities, starting with Delhi, Pune and Mumbai, followed by Bengaluru, Hyderabad and Chennai

CV industry to perform well this year, says Tata Motors' Girish Wagh

Tata Motors on Monday said it is expecting the Commercial vehicles industry to perform well this fiscal after two years of downturn, with an upturn in demand across all segments. Moreover, consumption is also witnessing continuous growth leading to good demand conditions, Tata Motors executive director, Girish Wagh said at the launch of a range of trucks here. Along with the launch of the country's first CNG-powered Medium and Heavy Commercial Vehicle (M&HCV) range of trucks, the company also rolled out a new series of advanced intermediate and light commercial vehicle (I&LCV) tippers and trucks. Besides, it also introduced Advanced Driver Assistance System (ADAS) and new features in its range of Prima, Signa and Ultra trucks. After two years of downturn in the commercial vehicle industry, the previous fiscal logged 22 per cent volume growth over FY21, said Wagh. "The CV industry seems to be on an upside now. Various indicators such as fleet utilisation or freight rates or ...

Tata Motors appoints Girish Wagh as head of commercial vehicle unit

He is currently head of the company's heavy and medium commercial vehicles division