Tata Motors aims to treble its commercial vehicles exports by 2018-19. The homegrown auto major is eyeing a major push in various markets, including Russia and the ASEAN regions.
“The medium and heavy commercial vehicles (MHCV) segment is showing signs of recovery. In the last two months, although on a low base, we have seen growth in excess of 20 percent,” Tata Motors ED – Commercial Vehicles, Ravi Pisharody told CNBC-TV18.
The company, which currently exports products to markets, including Middle East and Africa, plans to bolster despatches to existing and new markets to achieve the target.
Pisharody said that in the last two months, although on a low base, the company saw growth in excess of 20 percent. “This year will be at least 15 percent growth over the previous year and that’s important because MNHC is the lead indicator,” he added.
In the MNHC segment the company targets to remain ahead of 60 percent. “We were at 60 percent plus when there were three players. We retained at 60 percent plus when there were seven players and now there are more than ten players,” said Pisharody.
However, Pisharody believes the cost of growing will be very expensive but the company has been successfully defending its 60 percent plus market share including up to the last month which is October.
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