Heena Sharma Blog

The commercial vehicle (CV) industry, already under pressure due to the economic slowdown, axle load norms, GST and other issues, is now facing another challenge in the coronavirus outbreak. These factors are likely to lead to a further contraction of 8-10% in FY21, with profitability and credit metrics of CV OEMs likely to remain under pressure. ICRA said that it continues to maintain a negative outlook for the commercial vehicle (CV) segment over the near-term, given the slowing economic growth, current overcapacity in the CV ecosystem and not so benign financing environment, with challenges further aggravated by the recent and rapid spread of novel coronavirus in India. The demand headwinds are expected to continue over the near-term given the macroeconomic challenges in view of the recent pandemic outbreak, coupled with weakening financial profile of fleet operators and significant price hikes because of transition to BS-VI emission norms. This would exert pressure on ea

"The focus of this entity is only to look into the future, see how customer requirements are changing, how global markets are and how things have changed there," Companies News : Tata Motors plans to launch around 50   commercial vehicles   (CVs) this fiscal as it looks to further consolidate its position in the segment, a top company official said. The auto major, which saved close to Rs 19 billion in 2017-18 by enforcing cost-saving measures across CV and passenger vehicle segments, aims to achieve similar kind of savings in the current fiscal as well. The company has also lined up a capex in the range of Rs 15 billion for CV vertical for the current fiscal. The amount would go into R&D, capacity expansion and towards making products compliant with   BS VI emission norms   before government deadline of April,1, 2020. "Last year we launched more than 50 new products including variants and facelifts. This year also we will continue at the same rat