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Tata Motors today said it has no plans to scale down commercial vehicle production in the near future despite a slump in the market.
“We are not looking at cutting production in the near future or have done so in the July-August period,” Tata Motors Executive Director, Commercial Vehicles, Ravi Pisharody, said.
He was responding to a query in the wake of flat growth reported by the company in the commercial vehicle segment last quarter.
Meanwhile, the company launched the Tata Xenon, a pick-up vehicle here today. Priced between Rs 5.44 lakh and Rs 6.34 lakh (ex-showroom Thane), the company claimed that the Xenon has one of the lowest operating costs and will help expand its footprint in the pick-up vehicles segment.
The Xenon offers both single-cab and dual-cab versions, with best-in-class looks, operating economics and fuel efficiency and is suitable for a wide range of commercial applications, the company said.
Launching the vehicle, Pisharody said, “the pick-up segment is growing rapidly and we see this trend continuing. With the launch of Xenon, we are strengthening our existing pick-up portfolio.”
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