Tata Motors’ August sales up 14%

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Mumbai, Sep 1 (IANS) Automobile major Tata Motors on Friday reported a rise of 14 per cent in its domestic passenger and commercial vehicle sales, including exports, for August 2017.

According to the company, the total sales of its passenger and commercial vehicles increased to 48,988 units from 43,105 vehicles sold in August 2016.

Mayank Pareek, President, Passenger Vehicles Business Unit, Tata Motors, said: “Tata Motors sales continue to grow on a positive course on the back of strong performance of the new generation cars like Tiago, Tigor and Hexa. With Ganesh Chaturthi, we have entered the festive season and we expect the growth momentum to continue.”

Tata Motors’ domestic sales of commercial and passenger vehicles for August 2017 were higher by 26 per cent at 45,906 units from 36,510 units sold during the corresponding month of last year, “due to growing demand across segments and increased positive customer sentiments”.

“The overall commercial vehicles sales in August 2017 in the domestic market were at 31,566 nos, higher by 34 per cent over August 2016. The sales grew on the back of growing demand across segments supported by the continued ramp-up in production of BSIV vehicles since April this year,” Pareek said.

In August 2017, sales of Tata Motors passenger vehicles in the domestic market were recorded at 14,340 Nos, up by 10 per cent over August 2016. The sales were “bolstered by the strong demand for the Tata Tiago and the Tata Tigor”.

The company exported 3,082 units in August 2017, a decline of 53 per cent, compared to 6,595 vehicles sold in August 2016, “due to continued drop in industry volumes in Sri Lanka and Nepal”.

–IANS

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