Tata Motors sales rise 25% in September on commercial vehicles growth
The company's overall commercial vehicle sales grew 29% at 36,679 units in the reporting period
- Tata Motors on Sunday reported a 25% increase in domestic sales at 53,965 units in September
- The company had sold 43,031 units in September 2016
- The sales were boosted by a strong customer acceptance of SCR technology and the continued ramp up of our BS4 vehicles production
Tata Motors on Sunday reported a 25% increase in domestic sales at 53,965 units in September.
The company had sold 43,031 units in September 2016, Tata Motors said in a statement.
Tata Motors head-commercial vehicle business unit, Girish Wagh said that the sales were boosted by a strong customer acceptance of SCR technology and the continued ramp up of our BS4 vehicles production.
The company's overall commercial vehicle sales grew 29 % at 36,679 units in the reporting period, he added.
The sales grew on the back of strong ramp-up in production, growing demand for new product launches and higher customer uptick owing to peak festive season buying trends across segments. Additionally, the sales were boosted by strong growth in e-commerce segment sales and growing demand under Swachh Bharat drive.
The medium and heavy commercial vehicle (MHCV) trucks segment grew by 25%, at 12259 units, in September 2017.
This segment witnessed strong growth in demand on the back of continuously increasing acceptance of Tata Motors’ SCR technology, infrastructure development led by government funding and restrictions on overloading creating greater demand for new high tonnage vehicles, especially for our new launches of 37T multiaxle trucks and 49T tractor trailers.
The I&LCV truck segment also saw an upward trend and grew by 34% with 4449 units in September 2017 driven by the performance of new product introductions and increased festive season demand.
The pickup category segment at 5569 units in September 2017 reported a strong growth of 50% with our newly launched Tata Xenon Yodha gaining acceptance and demand across markets while the SCV cargo segment with sales at 10040 units witnessed a growth of 40% at the back of strong response to XL range.
Their passenger carrier (including buses) segment sales were at 4362 units, almost similar to last year.
Tata Motors passenger vehicles, recorded sales of 17,286 units, growth of 18%, over September 2016.
This was augmented by the strong growth momentum for new generation vehicles Tiago, Tigor and Hexa, it said in a statement.
The newly launched compact SUV, Tata Nexon has also received a tremendous response in the market.
Cumulative sales growth of passenger vehicles in the domestic market for the fiscal (April-Sept 2017) were at 81417 units, a growth of 12%, compared to 72665 units, in the same period last fiscal.
(With inputs from PTI)