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Witnessing gradual recovery in CV segment demand says Tata Motors
TIWN
Witnessing gradual recovery in CV segment demand says Tata Motors
PHOTO : 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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