Tata Motors sales grow by 64% in Q1FY19; domestic sales in June rise by 54%
In June 2018, Tata Motors sales in the domestic market grew by 54% at 56,773 units compared to 36,836 units in previous year.
In a big surprise, Tata Motors is seeing a massive demand for its vehicles. The company recorded a robust 64% growth with sales of 164,579 units in first quarter of FY19 compared to 100,141 units over previous year due to the continued strong month on month sales performance of its Commercial and Passenger Vehicles Business in the domestic market. In June 2018, Tata Motors sales in the domestic market grew by 54% at 56,773 units compared to 36,836 units over previous year.
Domestic - Commercial Vehicles
Tata Motors' Commercial Vehicles (CV) domestic sales continued its strong growth momentum in June 2018 with 38,560 units, an increase of 50% compared to 25,660 units last year. Cumulative sales growth of CV in the domestic market for the quarter (April-June 2018) were at 111,642 units, a growth of 71%, compared to 65,283 units, in the same period last fiscal.
Tata Motors say, “ This year, the continued growth in June 2018 is on the back of the economy continuing to show an uptick due to the improved industrial activity, robust demand in private consumption and government spending on infrastructure.”
M&HCV truck segment registered another strong performance with 11,524 units, a growth of 50% over June 2017.
Demand for the MHCV trucks continued to be boosted by the government’s focus on infrastructure development, road construction, building of irrigation facilities and affordable housing projects across the country.
The I&LCV truck segment reported a significant performance with 4,485 units, a growth of 69%, over June 2017. This growth has been led by the e-commerce, increased rural consumption and supported by the launch of new products from Tata Motors.
SCV Cargo and Pickup segment sales at 16,857 units grew by 53% over June 2017. The growth in the e-commerce sector, the continuously evolving hub and spoke model and the increased rural consumption have all led to the small vehicles demand for the last mile connectivity.
Commercial passenger carrier segment posted a growth of 33% with sales at 5,732 units in June 2018. This was led by the significant demand for school buses and vans supported by demand for ambulances. The STU buying is also showing an uptick in demand.
Domestic - Passenger Vehicles
Passenger Vehicles domestic sales in June 2018 has registered an impressive performance with 18,213 units, a growth of 63%, over last year.
This is driven by continuous strong demand for Tiago,Tigor, Hexa and Nexon. June 2018 also saw the combined production of Tiago and Tigor cross the important milestone of 200,000 units.
Also the recently launched Nexon AMT has received an overwhelming response and is witnessing good traction in the market. Cumulative sales of PV in the domestic market for the fiscal (April-June 2018) is at 52,937 units, a growth of 52% compared to 34,858 units for the same period, last fiscal.
Finally, exports of (from CV and PV) in June 2018 was at an impressive 5,246 units compared to 3,504 units last year, a growth of 50%.