Chandigarh : Tata Motors on Friday said it is focusing on cargo vehicles, including tippers, even as the medium and heavy commercial segment grew by just 3 per cent in April-August.
“Medium and heavy commercial vehicles (M&HCVs) in the first five months (of the current fiscal) saw almost a flat growth, a very negligible 2.5-3 per cent. And this growth is triggered by tippers used in construction, mining and irrigation projects,” Rajesh Kaul, Business Head, Medium & Heavy Trucks, Tata Motors, said today.
“Tippers witnessed a growth of 40-42 per cent growth in this period… looking at the current scenario, the tippers segment will further grow because of the fact that a lot more has to happen on infrastructure, construction, irrigation, mining, and post monsoon, the tipper industry will further
grow.” The company is focusing on both cargo and tippers. Cargo, which is two-thirds of the industry, had “actually degrown” while the tippers segment has grown by 40 per cent.