Tata Motors has registered sales growth of 18 percent at 57,710 units as against 48,886 units in October 2018 over same month last year in the Indian market. It is due to the continued strong sales performance of its Commercial and Passenger Vehicles Business. The cumulative sales for the domestic market (April-October 2018) was at 397,062 units compared to 291,673 units over last year, a growth of 36 percent. Most impressive of all, Tata Motors' Passenger Vehicles (PV) domestic sales registered an impressive performance with 18,290 units, a growth of 11 percent, compared to 16,475 units in October 2017.
Mr. Mayank Pareek, President, Passenger Vehicles Business Unit, Tata Motors Ltd. said, “October 2018 was yet another month wherein Tata Motors outstripped the industry growth. While the industry grew at 2%, Tata Motors saw a robust growth of 11%. We are therefore pleased to sustain positive traction despite strong headwinds such as hike in fuel prices, higher interest rates and increase in insurance premium. We hope to continue this momentum in the approaching months on the back of our recent launches and the highly anticipated introduction of our SUV, Harrier.” The company stated that the recently launched Tiago NRG, Nexon KRAZ limited edition, all-new Tigor and the JTP range of cars have received an overwhelming response in the market.
Cumulative sales growth of PV in the domestic market for the fiscal (April-October 2018) were at 125,155 units, a growth of 28 percent, compared to 97,892 units, in the same period, last fiscal. As for the export market, Tata’s sales from exports (from CV and PV) in October 2018 was at 4,554 units as against 4,311 units in October 2017, up by 6 percent. Moving to the commercial vehicle segment, Tata Motors’ Commercial Vehicles (CV) domestic sales continued to grow in October 2018 at 39,420 units, higher by 22 percent, over last year October, led by the continued acceptance of the BS4 products. Cumulative sales for the fiscal (April-October 2018) at 271,907 have grown by 40 percent over last year same period.