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Domestic passenger vehicle volumes are likely to grow by around 5% this fiscal, with double-digit growth anticipated in the second half as pent-up demand remains robust even after the festive season, according to Tata Motors Passenger Vehicles MD and CEO Shailesh Chandra.

The April-September period this fiscal witnessed a 1.6% year-on-year decline, and it was only the festive period that passenger vehicle sales rebounded in the domestic market.

The sales volume in the October-March period should grow in double digits, Chanda said during an analyst call.

He noted that the industry witnessed a growth of 5% and 17% in September and October, respectively, due to festive demand.

The

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