TIWN
New Delhi, Jan 22 (TIWN) The Centre's accelerated infra push along with healthy demand from the e-commerce sector has led to a gradual recovery in the commercial vehicle (CV) segment, said automobile major Tata Motors.
Notably, the segment went through a major downturn during the peak of the Covid-19 pandemic.
In a conversation with IANS, Girish Wagh, Executive Director, Tata Motors, cited a gradual recovery in demand post the second wave.
Accordingly, the recovery was triggered on the back of increase in economic activity, which along with a robust rural economy has driven the sales of CVs.
"Increased activity in the last-mile applications like 'FMCG', 'FMCD', agriculture supplies, and other e-commerce products have been major catalysts for the increase in demand in small commercial vehicles (SCVs) and intermediate and light commercial vehicles (I&LCVs)," he said.
"M&HCVs (medium and heavy commercial vehicles) have witnessed gradual demand recovery from construction, mining and e-commerce sectors."
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