Tata Motors is hopeful of closing this financial year with a 25 per cent growth in commercial vehicle sales and continuing the run next year as well on replacement demand to meet new emission norms and a pick-up in the economy.

The company expects to close the hybrid bus order from BMC “any day now”, having already signed an agreement with the authorities.

“Truck sales have overall reached the 2011-12 peak, and we have been leading the market. We hope to close this fiscal year with around 25 per cent spike in overall sales. The first two months of the current quarter have been very good, and March should be better,” Tata Motors Executive Director for the commercial vehicle business unit Ravi Pisharody said.

“We hope to continue the sales growth next fiscal year as well, which in percentage terms may be lower than this fiscal, considering the high base,” he said.

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