Indian automaker Tata Motors announced strong sales numbers in November 2017 continuing its turnaround trend of the past few months. The Commercial and Passenger Vehicles sales performance in domestic market in November 2017 was at 52,464 units, a growth of 58%, over last year due to growing demand across segments, the introduction of new products like Tata Tigor and Tata Nexon.
In November 2017, Tata Motors Passenger Vehicles sold a total of 17,157 units, growth of 35%, over last year. The company credits this growth due to strong growth momentum of new generation Tata cars. To meet the growing demand of Tata Nexon, the company has ramped up its production and in November 2017, the company rolled out the 10,000th Nexon from its Ranjangaon facility.
Cumulative sales growth of Passenger Vehicles in the domestic market for the fiscal (April-Nov 2017) were at 115,049 units, a growth of 13% percentage, compared to 101,712 units, in the same period last fiscal.
Tata Motors’ Commercial Vehicles sales in the domestic market in November 2017 were at 35,307 units, a growth of 72% compared to 20,538 units in November 2016. The commercial sector has bounced back strongly after the initial disruption in the market, surrounding demonetization and the BS4 transition that largely affected the transport industry last year. Consumption-driven sectors have shown an uptick in sales, since July 2017 and continue even after the festival season. The increased demand for vehicles across segments and production ramp-up of the new range of BS4 vehicles has given a strong boost to the overall sales growth. The cumulative sales performance of commercial vehicles in domestic market, grew by 11.5%, over last year and continues to grow month on month.
The M&HCV trucks segment was at 12,851 units, higher by a strong 88%, over last year led by the sustained increase in production as well as the strong customer acceptance of the superior range of Tata Motors’ BS4 vehicles. The sales growth was also driven by the success of Tata Motors’ innovative SCR technology, which has been well accepted by customers. Increased demand for the new tonnage vehicles, infrastructure development led by government funding and keen focus on customer requirements has helped reviving the M&HCV performance.
The I&LCV truck segment at 3,984 units grew by 76% over last year driven by the performance of new product introductions and continued demand.
The company’s sales from exports was at 4,927 nos. in November 2017, a decline of 12%, due to drop in volumes in key Commercial Vehicles International Business markets such as Nepal and Sri Lanka. Market share for Commercial Vehicles International Business in all the key markets continue to remain strong and have grown during this fiscal year.
Tata Motors is also finalizing the roll out of electric Tata Tigor which will commence anytime in December 2017. The first set of electric Tigor will be handed over to EESL before 30th December 2017.