Tata Motors sees volumes rising 30% in CV segment in FY22
March 11, 2021
Girish Wagh, President, Commercial Vehicle Business Unit, Tata Motors - The Hindu×
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The commercial vehicles (CV) segment, which was badly hit by the Covid-induced slowdown, is expected to see a volume growth of over 30 per cent in the next fiscal on the back of the double-digit GDP growth projections for the 2021-22, as well as the low base of the current year, said Girish Wagh, President, Commercial Vehicle Business Unit, Tata Motors.
While there are headwinds such as the rise in commodity and fuel prices and pricier tyres persist, the tailwinds appear to be stronger, especially with the uptick expected in infrastructure and already happening in consumption, Wagh told