Hydrerabad: Automobile major Tata Motors is betting big on its light commercial and small commercial vehicles (LCVs and SCVs). The company is looking at an 18 per cent combined  growth of LCVs and SCVs in the next fiscal. 

The company, which leads the pack among the major competitors in this segment, is set to end the current fiscal ending March 31, 2004, with a combined higher sale of 46,000 vehicles as against last fiscal’s 33,000 vehicles, said Mr Vinod K Sahay and Mr Prem K Verma, heads of LCV and SCV division, respectively. Speaking to FE after launching the SFC 407EX Turbo here on Thursday, the officials said that of the total sales volume of the company both LCVs and SCVs will contribute 35 per cent during next fiscal as against 30 per cent to the overall sales of the company. Tata Motors, which is the undisputed leader in the LCV segment, is expected to grow sharply due to the launch of SFC 407EX Turbo vehicle in November last. 

“From 150 units in November to 1,000 units in February, the company hopes to sell 2,400 units a month taking its market share to 85 per cent as against 75 per cent market share in this particular segment,” the officials said. 

“The firm expects to end the fiscal with 35,000 LCVs and 11,000 SCVs as against last year’s 29,000 and 4,000 units, respectively,” Mr Sahay said, adding it is expected to go up during next fiscal as the industry is witnessing 10 per cent growth in these segments.