Domestic passenger vehicle volumes are likely to grow by around 5 per cent this fiscal, with double-digit growth anticipated in the second half as pent-up demand remains robust even after the festive season, according to Tata Motors Passenger Vehicles MD and CEO Shailesh Chandra.
The April-September period this fiscal witnessed a 1.6 per cent year-on-year decline, and it was only the festive period that passenger vehicle sales rebounded in the domestic market.
The sales volume in the October-March period should grow in double digits, Chanda said during an analyst call.
He noted that the industry witnessed a growth of 5 per cent and 17 per cent in September and October, respectively, due to festive demand.
The pent-up demand still continues to overflow in November and December, and both months should be strong in business terms, he added.
“So, overall, in the financial year, because the first half had seen a decline of 1.6 per cent before the festive period, it should be in the zon
