Tata Motors reports growth of 38% at 58,993 units, up from 42,679 units in February 2018. Sales momentum is fueled strongly by growth in the automaker’s commercial and passenger vehicles business in India.
February 2018 Domestic Passenger Vehicles sales: The Indian automaker reports 17,771 units sold, up from 12,272 units sold in Feb’ ’17. Passenger car sales is up 45 percent with sales of Tiago and Tigor on the rise. The fast growing UV segment sees Tata Nexon and Hexa gaining traction.
Tata Motors Passenger Car segment growth was registered at 17 percent. UV segment grew by 165 percent. Cumulative sales growth of Passenger Vehicles (April 2017-Feb 2018) stands at 167,055 units, up from 137,718 units having registered 21 growth in 11 months of the current FY.
February 2018 Domestic Commercial Vehicles sales: Tata sold 41,222 CV units to report 36% growth, up from 30,407 units sold in February 2017. SV sales have gained momentum on the back of infra dev, new tenders, coal industry activity, and the petroleum sector alongwith demand from construction, logistics, e-commerce and FMCG applications. CV growth for April 2017- February 2018 stands at 21% at 350,144 units sold.
M&HCV truck segment sales was up 25 percent with 15,241 units sold bolstered by restrictions on overloading, replacement buying and various infra projects that bolstered higher tonnage trucks and tippers.
I&LCV truck segment growth is reported at 54% at 4,810 units sold. SCV Cargo and Pickup segment sales at 16,014 units equates to 50% over last year. CV passenger carrier segment grew 16 percent at 5,157 units with a boost from demand in school buses. Exports in February 2018 were lower by 3 percent with 4768 units sold.