While a 10,000th Tata Nexon rolled out of Ranjangaon plant, Tata Motors announced strong sales numbers in November 2017. 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, introduction of new products and strong customer initiatives, the company said.
Tata Motors’ Commercial Vehicles sales in 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 company said.
The M&HCV trucks segment was at 12,851 units, higher by a strong 88%. The I&LCV truck segment at 3,984 units grew by 76% over last year.
The pickup segment sales grew by 53%, over last year at 4,685 units as the recently launched Xenon Yodha continued to gain acceptance and volumes across markets. The SCV sales at 10,265 units, witnessed a growth of 77%, over last year at the back of strong response to Mega XL range. The commercial passenger carrier segment (including buses) were at 3520 units, grew by 36.5% over last year.
In November 2017, the Passenger Vehicles sales performance was at 17,157 units, growth of 35%, over last year. The company says, this was led by the strong growth momentum of new generation Tata cars. To meet the growing demand of its recently launched compact SUV, Nexon, Tata Motors has ramped up its production and in November 2017.
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.
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, added the company.