Tata Motors expects 15 per cent growth in CV exports

It also expects domestic sale of commercial vehicles, led by LCVs and buses, to grow 10-15 per cent in fiscal 2018 aided by a favourable GST rate and the likely normal monsoons. “We expect our exports to grow 15 pc this year over last year when we grew over 11 pc and for the first time crossed the 60,000-mark. This will be partly because we expect to ship at least 8,000 of the banned 15,000 BS-III trucks and buses in the Saarc markets, primarily Nepal, Sri Lanka and Bangladesh where we already have good presence, and also in the West Asian and African markets,” said Ravi Pisharody, ED, Commercial Vehicles. In fiscal 2017, Tata Motors for the first time-crossed the 60,000-mark in CV exports at over 61,200 units, a growth over 11 pc in fiscal 2016, while its cumulative CV sales in the domestic market slipped 1 per cent to 3,25,211 units.