Tata Motors expects CV sales to grow 25% this fiscal

Tata Motors is hopeful of closing this financial year with a 25 percent growth in commercial vehicle sales and continuing the run next year as well on replacement demand to meet new emission norms and a pick-up in the economy.

The company expects to close the hybrid bus order from BMC "any day now", having already signed an agreement with the authorities.

"Truck sales have overall reached the 2011-12 peak, and we have been leading the market. We hope to close this fiscal year with around 25 percent spike in overall sales. The first two months of the current quarter have been very good, and March should be better," Tata Motors Executive Director for the commercial vehicle business unit Ravi Pisharody told PTI.

"We hope to continue the sales growth next fiscal year as well, which in percentage terms may be lower than this fiscal, considering the high base. Still, we expect to clock 10- 15 percent jump in sales as BS-IV norms will kick in from April 2017. I expect the second half of the next fiscal year to be better than H1." In April-May of 2015-16, Tata Motors stood out on the sales front. While domestic CV sales rose 20 percent to 30,670 units and exports 42 percent to 5,636 units in January, the same rose 22 percent to 14,872 units and 31 percent to 5,142 units, respectively, in February.