Tata Motors’ sales register growth despite challenges

In July 2018, the auto industry faced challenges with the new axle load limits regulation, followed by transporters strike which continued for 8 days. Despite these challenges, Tata Motors sales in the domestic market in July 2018, grew by 21 per cent, at 51,896 units compared to 42,775 units over previous year. On cumulative basis (April-July 2018), Tata Motors registered a strong growth of 51 per cent at 216,475 units, compared to 142,916 units over previous year due to the continued month-on-month sales performance of its commercial and passenger vehicles businesses in the domestic market. While Tata Motors will maintain cautious optimism in the market, it will continue to focus on its Turnaround 2.0 journey, with three clear objectives-‘Win Decisively in CV’, ‘Win Sustainably in PV’ and embed the turnaround culture within the organisation.

In the domestic commercial vehicles segment, the sales continued to grow in July 2018 at 34,817 units, higher by 25 per cent, over last year July. The commercial vehicles continue to be in demand as the economy continues to grow, led by infrastructure growth with increased Government spending, robust private consumption and due to the improved industrial activity.

In the domestic passenger vehicles segment, the company’s sales in July 2018continued its growth trend at 17,079 units, higher by 14 per cent over last year.

 In the exports segment, the company’s sales from exports from commercial and passenger vehicles in July 2018 was 4,971 units compared to 3,441 units last year, a growth of 44 per cent.