Tata Motors Sales Up 8% In March; 6% In FY17
Tata Motors Ltd. reported an 8 percent increase in total sales in March at 57,145 units, compared to 53,057 units in the same month last year.
Cumulative sales of the company for financial year 2016-17 stood at 5,42,561 units, up 6 percent over 5,11,705 vehicles sold in 2015-16.
Domestic sales of Tata Motors' commercial and passenger vehicles grew by 10 percent to 51,309 units in March, as compared to 46,701 units in the same month of the previous year.
Sales of passenger vehicles in the domestic market grew 84 percent to 15,433 units last month on the back of robust sales of hatchback Tiago, Tata Motors said in a statement.
The sales for the month of March have been encouraging with a robust growth of 84 percent owing to the continued demand for Tiago and Hexa.Mayank Pareek, President, Passenger Vehicles Business Unit, Tata Motors
The launch of the Hexa, Tiago AMT and Tigor have set new benchmarks in their respective segments signifying Tata Motors as one of the fastest growing manufacturers in India, he added.
In the commercial vehicles segment, the company's domestic sales were down 6 percent at 35,876 units, the auto major said.
“The wholesale figures of Tata Motors commercial vehicles were affected by the Supreme Court judgement announced on March 29, leading to confusion and the consequent focus at the dealer level to increase retail and to reduce the levels of unsold stock,” it added.
Exports during the month declined by 8 percent at 5,836 units , compared to 6,356 units in the year-ago period.
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