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Tata Motors’s total sales of passenger and commercial vehicles, including exports, rose 21 per cent in October to 52,813 vehicles compared with 43,486 units sold during the same month a year ago.
During the month under review, the company’s domestic sales of commercial and passenger vehicles grew 19 per cent to 46,480 units. Cumulative sales (including exports) for the fiscal was at 3,11,629 units, higher by 9 per cent, over 2,86,048 vehicles sold last year.
The company continued to witness year-on-year growth in certain key segments in October 2016, with its passenger vehicles growing by 28 per cent, recording highest sales in the last 4 years.
Its commercial vehicles business recorded highest sales growth of 15 per cent this year.
Light commercial vehicles segment continued to grow by 21 per cent due to strong festive season demand.
Medium and heavy commercial vehicle (MHCV) sales reversed the trend and grew by 9 per cent after four months of decline. Export business grew by 39 per cent on account of strong demand for its commercial vehicles.
In October 2016, Tata Motors' passenger vehicles recorded highest sales in the last four years at 16,311 units in the domestic market, a growth of 28 per cent, compared with 12,747 units sold in October 2015.
Passenger car sales continued its growth momentum due to strong demand for the recently launched Tata Tiago with retails showing an increasing trend.
Cumulative sales growth of all passenger vehicles in the domestic market stood at 88,976 vehicles, a 15 per cent growth, compared with 77,465 units in October 2015.
The company’s sales from exports stood at 6,333 units in October 2016, a growth of 39 per cent compared with 4,569 vehicles sold in October 2015. Cumulative sales from exports for the fiscal were at 37,802 vehicles, higher by 15 per cent, over 32,770 units sold last year.
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