- 06 Sep 2022
- ICICIdirect Research
Tata Motors launches new CNG powered truck range
TATAMOTORS - 1111 Change: -10.30 (-0.92 %)News: Tata Motors has launched five CNG powered truck including industry first in the M&HCV segment with host of new features like ADAS, Collision warning system, lane departure warning system & driver monitoring system. Additionally company also launched new models in I&LCV truck segment.
View: Tata Motors is a leader in the domestic CV space with 43% market share. This comes as a positive development and is in line with management commentary about launching 15+ products to offset marginal dip in market share during Q1FY23. These trucks comes with advanced safety features like ADAS, warning system, ESC, DMS for enhanced safety. It will be equipped with fleet edge i.e digital interface for fleet management and connected system. A cyclical recovery in the CV space, refreshed product slate coupled with new tech heavy features bodes well for the company.
Impact: Positive.