* India - Tata Motors to grow exports of trucks to offset slow India sales
-- Tata Motors Ltd, India's biggest automaker by revenue, plans to triple exports of its trucks and buses to countries in Asia and beyond to counter slow sales growth in India, it said on Wednesday... "This (exports) is something we are stressing heavily," said Ravi Pisharody, executive director of Tata's commercial vehicles business, who plans to grow exports to 150,000 vehicles in 3 to 4 years from 45,000 vehicles in the year that ended on March 31... The company, which mainly exports to neighboring nations Sri Lanka, Bangladesh and Nepal, will look at increasing shipments to countries in the Middle East and Southeast Asia... Tata's exports of trucks and buses grew 39 percent in the April-June quarter to nearly 13,000 vehicles from a year ago, while domestic sales fell 1 percent over the same period to about 66,000 vehicles, industry data showed... Growth in sales of large trucks in India is largely linked to the economy and reflects a pick-up in industrial activities like mining and construction... While sales of medium and heavy commercial vehicles at Tata Motors grew 15 percent to more than 127,000 units in the fiscal year ended March 31, according to industry data, Pisharody said this was largely due to replacement of an ageing fleet of trucks by owners...
(REUTERS, by Vivek Prakash - Tata Motors logos are pictured outside their flagship showroom in Mumbai, India) -- Mumbai, India - Reuters, by AMAN SHAH - Jul 22, 2015Labels: truckmakers news India
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