Tata Nano slips through snares of demonetisation to post over 90% growth in December
Most automobile companies had a tough time in December with demonetisation leading to a decline in sales, however, Tata Nano was busy scripting another story.
Tata Nano's sales rose 91.2% in December, selling 1,004 units from 525 units in November 2016. Tata Motors sold 726 units of Tata Nano in October.
Tata Nano posted the highest month-on-month sales growth among all Tata Motors cars in December. The company posted 35% growth in domestic passenger vehicle sales in December. Its sales, however, declined 17.4% when compared to November.
The company's sales in December 2016 declined to 10,846 units from 12,736 units in November 2016.
While for other carmakers, some new launches managed to perform well and registered growth, namely; Hyundai Tucson with 62.5% jump in sales, followed by Mahindra KUV100 and Volkswagen Ameo with 65.1% and 15.6% growth in sales, respectively, according to data from the Society of Indian Automobile Manufacturers (SIAM).
Other popular new launches like Maruti Suzuki's Vitara Brezza posted a 7.7% decline in growth in December. Even Tata Motors' new car Tiago, which saw good growth in sales till October, in dropped by 33.2% in December.