Tata Motors Ltd MD and CEO Girish Wagh on Thursday affirmed that the implications of US-Iran war, specially diesel price hike, will have a short-term impact on domestic commercial vehicle demand, which is expected to grow in single digit this fiscal but India's macro-economic growth will help overcome it in the long term.
Terming fuel price hikes and input cost inflation as "cyclical headwinds", he said those will lead to some changes in the quarterly and annual demand but in the long term "India growth story will lead to increase in road freight, and therefore the commercial vehicle demand".
