Tata Motor Likely To Enter Into Used CV Mkt

Mumbai: Tata Motors, the country''s largest automobile house, is eyeing to enter into the used commercial vehicle (CV) market via its extensive dealer network in the country. In FY''07, the CV market, including the light-, medium- and heavy-vehicle segments, grew by an astounding 33 per cent. The industry, including majors Tata Motors, Ashok Leyland, Eicher Motors and Swaraj Mazda, sold 467,882 units in all. Although the original equipment manufacturers (OEMs) have been getting into the used vehicle market, there are few instances of commercial vehicle makers venturing into the segment. The business model, called Altrux, is eyeing to grab 10-15 per cent of the market share in three years. The company will source five-year-old trucks manufactured by dealers, and sell them at pre-organised dealer outlets. It claims that these vehicles will cost half of the new vehicles.