Tata Motors hopeful to grow 25% by the end of this fiscal

Tata Motors, the Indian multinational automotive manufacturing company, is hopeful of closing this financial year registering a 25% growth in the sales of commercial vehicle sales. Not only this, the Mumbai-based company also hopes to continue the run next year as well on replacement demand to meet new emission norms and a pick-up in the economy.

In another development, the hybrid bus order that it has got from BMC is about to be theirs. "We have already signed an agreement with BMC and expect the final order for 25 hybrid buses any day now. This is the single-largest order for hybrid in the country till date," said Ravi Pisharody, Tata Motors Executive Director for the commercial vehicle business unit.

Talking on the sales, he said, "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 per cent spike in overall sales. The first two months of the current quarter have been very good, and March should be better."

"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 per cent 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," he added.

Last year in April and May, Tata Motors had excelled in the sales front. The starting of this year saw the domestic CV sales rising 20% (to 30,670 units) and exports rising 42% (to 5,636 units) in January and 22% (to 14,872 units) and 31% (to 5,142 units), in February, respectively.

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