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Tata Motors charts investments in PV and CV businesses

Tata Motors charts investments in PV and CV businesses

Tata Motors has planned to invest Rs.4000 crore in the passenger vehicle and commercial vehicle business as part of its comprehensive strategy to regain its position in CV business and achieve a strong position in PV segment.

It has committed an investment of Rs.2500 for future PV programmes.

The company has planned over Rs.1500 crore investments across segments of commercial vehicles this year. It has also chalked out plans to garner 20 per cent of top line from exports. During this fiscal, it has planned at least six new launches in segments where it lacks a significant presence.

It has also planned four new products in the ILCV segment in FY18.

Tata Motors expects to recover its CV volumes in the second half of this fiscal and is also aiming to increase market share in above-16 tonne segment from 55-56 per cent to 60 per cent in two years on the back of launches.

Its volumes of LCV and buses are expected to grow by 10 per cent in this fiscal. M&HCV growth, because of the weak start in Q1 on account of the BS4 implementation and the introduction of GST, will be weak in H1 and we hope to recover the volumes in H2, the management said in the latest conference call.

On the PV side, the company expects a good response to its compact SUV-Nexon. With this, its addressable market grows from 60 per cent to 75 per cent.

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