Tata Motors CV Sales recover after Q1 Dip
Published On Sep 08, 2017
The company’s CV sales have gone up by 24 per cent in the Jul-Aug period.
In another turnaround of fortunes, homegrown CV maker Tata Motors has seen its sales rise after a dip of 15.62 per cent in the first quarter of this fiscal. With a growth of 24.35 per cent in the July-August period, the company saw sales rising to 59,378 units, up from 47,750 sold in the same period last year.
As far as numbers for August 2017 are concerned, the overall commercial vehicle sales, at 31,566 units, went up by 34 per cent compared to August 2016. After the BS-IV impediment, the company seems to be getting back on track, perhaps due to the GST benefits passed on to the customers. Moreover, after the BS-IV transition, a ramp up in production of BS-IV ready vehicles might have also contributed to the same. The company’s bet on Selective Catalytic Reduction (SCR) also seems to be paying dividends. While the second largest CV maker in the country, Ashok Leyland, opted for an entirely new tech, Intelligent Exhaust Gas Recirculation (iEGR), Tata Motors stuck to the more traditional SCR tech.
However, with the company posting losses of
Rs 467.05 crore for the June quarter of this fiscal, on a standalone basis, it
still has a long way to go. Especially when you consider the fact that it had
posted a profit of Rs 25.75 crore in the same period of 2016-17. The company
has already earmarked Rs 1,500 crore for the CV segment for 2017-18 though, and
with 10 new products lined up for launch, Tata Motors might just be on the