As sales of its medium and heavy commercial vehicles (M&HCV) segment slows, Tata Motors is now focusing on cargo vehicles including dump trucks to drive growth in the domestic market. The company’s M&HCV segment grew by just 3% between April and August 2016, compared to the industry growth of 8.5%. During this period, sales of tippers grew by 40-42%. By betting on the higher demand for dump trucks, the company expects commercial vehicle sales to grow by 10-15% in fiscal year 2017. While the do...
As sales of its medium and heavy commercial vehicles (M&HCV) segment slows, Tata Motors is now focusing on cargo vehicles including dump trucks to drive growth in the domestic market. The company’s M&HCV segment grew by just 3% between April and August 2016, compared to the industry growth of 8.5%. During this period, sales of tippers grew by 40-42%. By betting on the higher demand for dump trucks, the company expects commercial vehicle sales to grow by 10-15% in fiscal year 2017. While the do...
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