Tata Motors sales grew 2%, commercial vehicles drop 9% in December
Indian automotive manufacturing company, Tata Motors on Monday posted sales growth of 2% in December.
The company said that it sold 40,944 units of commercial and passenger vehicles in December as compared to 39,973 the previous year.
However, the company’s commercial vehicle sales was lower by 9% at 24,998 units over December 2015.
“…the construct segment continued to grow strongly by 22% due to increase in road construction as contractors have started on ground execution of projects, the coal & iron ore mining segment is also gaining momentum,” the company said.
Speaking about its domestic sales, Tata Motors said, “The company’s domestic sales of Tata commercial and passenger vehicles for December 2016 was at 35,825 units, a growth of 1% over December 2015.”
The exports of the company surged 12% from 4,557 vehicles in December 2015 to 5,119 units last month.
“Cumulative sales of all passenger vehicles in the domestic market, this fiscal were 112,539 nos., a growth of 17%, compared to 95,979 nos., in last fiscal,” the company added.