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The new EX series will offer Rs 35,000-40,000 worth value-added features to the end-user,

BANGALORE, Aug. 22

TATA Engineering and Locomotive Company Ltd expects its commercial vehicles business to grow slower in the second half of the current financial year compared to the corresponding period a year ago, Mr Shyam Mani, General Manager, Sales-Commercial Vehicles, said. "We expect a sizeable decline in the second half of this year," Mr Mani said.

However, the company maintained that its CV business would grow closer to 10 per cent in the current year, when the entire CV segment across the country was likely to grow at 7-8 per cent.

The growth is likely to come from the complete product overhaul that the company had effected across its range of vehicles that include intermediate, medium, heavy commercial and trailers. The company launched its EX series of trucks in Bangalore on Thursday.

However, Mr Mani did not detail the expected sales figures of the new series in the current financial year. "We are not looking at number parameters," he said. According to him, the new series will offer Rs 35,000-40,000 worth value-added features to the end-user, while the price differential with the current Telco trucks is in the range of Rs 16,000-17,000.

Commenting on bus sales, Mr Mani said that private operators were shying away from purchase of new buses and the company had managed to sell "less than 100" buses in the first half of the current fiscal.

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