Tata Motors wants to ensure that no BS-IV commercial vehicle is left in their inventory after April 1, 2020.
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Tata Motors expects commercial vehicle (CV) business to remain in the slow lane for the next few months and witness turnaround only by the second half of the next fiscal, a top company official said. With demand expected to remain muted, the company aims to go slow in introducing BS-VI compliant CVs in the domestic market. “My read is that the first half of the next fiscal particularly in CV segment is unpredictable,” Tata Motors CEO and MD Guenter Butschek told PTI. The growth in CV industry is related to the country’s economy, he added. “The government has launched various initiatives…all these factors are going to give us a positive outlook in the second half of the next fiscal,” he said.
While the transition to BS-VI in passenger vehicles (PV) is on track, the company is going to be slow in introducing upgraded CVs in the market due to low demand, he added. “For PVs the transition is going to happen in the next few weeks, in CV segment situation is slightly different not because we are running late but due to a different market situation,” Butschek said. In CV segment, the company is “not actively” going to switch to BS-VI before April 1, 2020, he added. “Our read of the market is there will not be too much of a demand ..our BS-VI play starts on April 1, prior to that it is BS-IV products,”Butschek noted.