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MOTORINDIA
l
June 2012
The company has been consistent
in bringing out new variants across
different segments to maintain its
market share despite stiff competi-
tion.
Segment-wise growth
India being a vast market, the
last fiscal reveals that the top seg-
ment has continued to grow while
some other segments were hit. The
LCV-ICV segment (4 to 11 tonne)
grew by 10 to 15 per cent while
the M&HCV segment expanded by
five per cent, within which the tip-
per segment had grown well. The
growth trend is expected to contin-
ue for six months, after which the
M&HCV market growth is likely
to be a little faster.
In FY 2011-12, the 16-tonne seg-
ment did not do very well while the
9 and 11-tonne segments grew by
30 per cent. This could be a case
of the former segment migrating
to the latter. The tipper segment
witnessed a growth of 25 per cent,
without which the overall M&HCV
growth won’t be even five to sev-
en per cent. Another interesting,
though expected, outcome was the
strong growth of the SCV segment
which, being less influenced by
macro-economic factors, grew by
over 20 per cent. The SCV segment
is also a huge employment gen-
erator with many people who buy
the Zip and the Iris making quick
money.
As for vehicle financing, Tata
Motors has had 15 to 20 new tie-
ups with PSUs, NBFCs and public
sector banks. In the truck segment
as a whole, the company registered
a growth of seven to eight per cent.
The bus segment performance
generally depends on STUs which
drove last fiscal’s growth to be
flat, in contrast to the 20 per cent
growth the year before. Since the
bus segment is considered more
stable than trucks, its growth for
the current year is projected to be
10 per cent.
w
vehicle zone
Focus on Truck industry