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Sep 11, 2017 04:14 PM IST | Source: CNBC-TV18

Intermediate, small CVs, pick-ups to see good growth: Tata Motors

Tata Motors, Maruti and M&M were buzzing in trade on back of lower than expected Cess hike on mid-size cars, large cars and sports utility vehicles by the GST Council.

Speaking about the business outlook going forward, Girish Wagh, Head-CV Biz Unit, Tata Motors is upbeat of good demand for commercial vehicles going forward as well. Month of August saw around 30 percent growth.

Tata Motors' August sales were far ahead of analysts' expectations on Friday, registering a 14 percent growth on year-on-year basis following 7 percent growth in July.

Commercial vehicle sales during the month increased 34 percent year-on-year to 31,566 units, aided growing demand across segments supported by the continued ramp-up in production of BSIV vehicles since April this year.

Going forward he expects small commercial vehicles and pick-ups to see maximum growth along with intermediate and light commercial vehicles.

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