COVID-19 was black swan event for CV segment: Tata Motors
COVID-19 was a "black swan event" for commercial vehicle (CV) segment as it followed axle load norms, low freight demand and BS-VI impact, Girish Wagh, President, Tata Motors CV Business Unit, said. "It aggravated the slowdown the segment was already going through," he added. However, Wagh said, the company expects fourth quarter sales to outperform fourth quarter of last year.