Tata managing CV cyclicality through global diversity

Tata Motors is counting more than ever on global expansion for the commercial vehicle (CV) side of its business. While its medium and heavy line-up has benefitted from lower fuel prices and positive economic sentiment, the light commercial vehicle segment has been hit by low transportation tonnage and vehicle over-capacity as well as constrained financing environment. As a result, its total CV sales contracted 8.5% year-over-year in fiscal Q3.