Govt Spending On Infrastructure Will Boost Commercial Vehicle Sales Says Girish Wagh Of Tata Motors

Girish Wagh, Executive Director at Tata Motors, shared insights with Business Today's Chetan Bhutani on the company's ongoing transformation. Wagh highlighted that while Tata Motors is currently navigating a phase of stabilization, the growth trajectory is expected to revive, driven by the government's commitment to infrastructure spending. He acknowledged that the company anticipates ending the year on a flat year-over-year basis, with heavy commercial vehicles (HCV) witnessing a decline in Q2 and partially in Q3. However, Wagh expressed optimism about the resurgence of demand for HCVs with the initiation of new infrastructure projects. He emphasized that Q4 will be a crucial period, setting the tone for a promising start in Q1 of the next fiscal year.