Domestic PV sales expected to stay strong this fiscal: Tata Motors ...Middle East

Economy by : (Business Standard) -
Domestic passenger vehicles sales, specially those of SUVs, are expected to remain strong this fiscal despite the pent-up demand and low inventory which drove up sales in the past are no longer there, according to Tata Motors Passenger Vehicles Ltd. and Tata Passenger Electric Mobility Ltd. Managing Director Shailesh Chandra. The company, which sold around 50,000 units of electric passenger vehicles last year, is targeting to reach 1 lakh units this fiscal while it also targets deeper penetration of CNG with the launch of its Altroz iCNG premium hatchback. "So far the indicators are good in terms of demand sustaining at high levels, although the additional moves that we were getting from pen

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