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Tata Motors is doubling down on growth opportunities in its Commercial Vehicles (CV) business. Chairman N Chandrasekaran has outlined a series of strategic and operational shifts that have begun yielding results despite broader industry headwinds.
“Tata Motors Commercial Vehicles has successfully restructured the business into eight distinct verticals, enhancing strategic focus and alignment and enabling sharper performance delivery,” Chandrasekaran noted in his address to shareholders in the FY25 Integrated Annual Report.
While Trucks and Buses showed strong performance, gaining market share and improving realisations, the company acknowledged work to be done in smaller formats. “The performance of Small Commercial Vehicles and Pickups is still not at desired levels, and we are working to address it with speed,” he said.
Non-vehicular revenue streams have emerged as a solid growth pillar. “The Non-Vehicular segment continued its strong momentum, driven by growth in spares, services, and emerging verticals,” Chandrasekaran pointed out. Dealer satisfaction has also improved, driven by focused profitability programs. “Initiatives to enhance dealer profitability have yielded tangible results, reflected in improved satisfaction scores across the network,” he added.
Electrification remains a central theme in the company’s public mobility efforts. “Our Electric Mobility portfolio scaled meaningfully, with Smart City Mobility deploying over 3,600 electric buses while maintaining high uptime,” he stated. A strategic move to combine this with the CV Passenger business is expected to unlock more value. “The planned integration with the CV Passenger business is expected to unlock synergies and drive further expansion and innovation in public and private mobility solutions,” Chandrasekaran said.
The company also highlighted the growing impact of its digital offerings. “Digital platforms such as Fleet Edge and Fleet Verse continue to grow in scale and impact, delivering measurable value through connected services and customer centric offerings.”
Looking ahead, Chandrasekaran expressed optimism on industry tailwinds. “With a favourable macroeconomic environment, rising infrastructure investments, and strong replacement demand, the commercial vehicle industry is poised for sustained growth.” Backed by “a track record of operational and financial excellence,” he said Tata Motors is “well positioned to capitalise on emerging opportunities.”
This article first appeared on Autocar
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