Tata Motors bullish on CV demand

The implications of the West Asia war, especially diesel price hikes, will have a short-term impact on domestic commercial vehicle demand, which is expected to grow in a single digit this fiscal, but India's macroeconomic growth will help overcome it in the long term, Tata Motors Ltd MD and CEO Girish Wagh said on Thursday.

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Terming fuel price hikes and an increase in the cost of commodities as cyclical headwinds, Wagh said those will lead to some changes in quarterly and annual demand, but in the long term, the India growth story will lead to an increase in road f