The basis for this monumental shift comes from the portrayal of CVs as the crux of transportation industry advancement. So, if some help comes from the government, then we can expect demand to pick up during the festive season," Mathur said.
Maruti Suzuki India Ltd reduced wholesales of its Vitara Brezza compact sport utility vehicle because of weak demand, emerging competition and its recently announced plans to phase out diesel vehicles from next April.
This underlines the fact that over the past seven years, the company has shed nearly 10 percent market share in the heavy truck goods carrier segment. The new models have seen robust demand despite a weakness in the overall market. This was also the ninth straight drop in monthly passenger vehicle sales.
We will take a call regarding production after taking a look at the market situation. Girish Wagh, president of the CV unit at Tata Motorssaid the market may slip to a single digit growth even after the expected pre-buying.
CV data will be transmitted while the vehicle is on the move, thus optimising availability, costs and logistics. The flood situation in states such as Maharashtra will further impact consumer sentiment, he said.