Industry/Official

Tata Motors registers 64% growth in Q1 FY19

Tata-Nexon-Sunroof

Tata Motors announced that the company registered a strong growth of 64% in its domestic sales for the first quarter (April-June 2018) of FY19 at 164,579 units compared to 100,141 units over the previous year.

The company said that both the Commercial and Passenger Vehicles business continued to showcase strong month on month sales performance. In June 2018, sales in the domestic market grew by 54% at 56,773 units compared to 36,836 units over the previous year.

Passenger Vehicles
Tata Motors’ Passenger Vehicles domestic sales in June 2018 has registered an impressive performance with 18,213 units, a growth of 63%, over the last year. The demand for Tiago, Tigor, Hexa and Nexon continue to be strong, the company said.

June 2018 also saw the combined production of Tiago and Tigor cross the milestone of 200,000 units. Cumulative sales of PV in the domestic market for the fiscal (April-June 2018) is at 52,937 units, a growth of 52% compared to 34,858 units for the same period, last fiscal.

Commercial Vehicles
As for the Commercial Vehicles segment, the company sold 38,560 units in June 2018, an increase of 50% compared to 25,660 units last year. Cumulative sales growth of CV in the domestic market for the quarter (April-June 2018) were at 111,642 units, a growth of 71%, compared to 65,283 units, in the same period last fiscal.

The company’s sales from exports (from CV and PV) in June 2018 was at 5,246 units compared to 3,504 units last year, a growth of 50%.

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