Tata Motors total sales up 14% to 48,988 units in August

Press Trust of India  |  New Delhi 

Home-grown auto major today reported 13.64 per cent increase in total sales at 48,988 units in August.

The company had sold 43,105 units in the same month last year, said in a statement.


Domestic sales of commercial and passenger vehicles last month were at 45,906 units as against 36,510 units in the same month last year, up 25.74 per cent on the back of growing demand across segments and increased positive customer sentiments, it added.

Sales of passenger vehicles in the domestic market grew by 10.29 per cent to 14,340 units last month as against 13,002 units in August last year.

President, Passenger Vehicles Business Unit, said the sales growth has been on the back of strong performance of the new generation cars like Tiago, Tigor and Hexa.

"With Ganesh Chaturthi, we have entered the festive season and we expect the growth momentum to continue," he added.

In the commercial vehicle segment, the company said its domestic sales were up 34.53 per cent at 31,566 units last month as against 23,464 units in the year-ago period.

Overall sales of Tata Motors' MHCV (medium and heavy commercial vehicle) trucks were at 10,926 units as against 7,190 units in August 2016, a growth of 51.96 per cent.

Increased imposition of restrictions on overloading, growing momentum in infrastructure, mining and construction segments have boosted the demand in the M&HCV segment, Head - Commercial Vehicle Business Unit Girish Wagh said.

"In line with our turnaround strategy, we will be introducing new products and will continue to undertake appropriate measures to improve our performance across segments," he added.

On the exports front, said its overseas shipments last month were at 3 082 units compared to 6,595 units in August last year, down 53 per cent due to continued drop in industry volumes in Sri Lanka and Nepal.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, September 01 2017. 16:22 IST