Tata Motors has announced the sales figures for the month of October 2017. The automaker has registered a growth in sales of both passenger vehicles and commercial vehicles in the month by selling 16,475 units. However, there is a decline of 32 percent from the exports as compared to the 4,311 units in September 2017 due to continued drop in TIV in Sri Lanka (by 53%) and Nepal (by 46%).
Commenting on the performance, Mayank Pareek, President, Passenger Vehicles Business Unit, Tata Motors, said, “We continue to keep the sales momentum going, led by a strong product pipeline of Tiago, Tigor, and Hexa. We have successfully completed the launch of Nexon across the country and are delighted with the response and it is currently witnessing a waiting period of around 8 weeks. While we have grown, we could have done better had it not been for the long holiday season. We will maintain cautious optimism in the market and hope to see this momentum continue.”
The company’s growth was driven by strong sales performance in Pick-up (45%) & ILCVs (7%). The Passenger vehicle business recorded a growth of 1 per cent with sales of 16,475 units over October 2016. While the cumulative sales growth of passenger vehicles in the domestic market for the fiscal (April-Oct 2017) were at 97,892 units, a growth of 10 per cent has been registered as compared to 88,976 units, in the same period last fiscal.
The company launched three cars in India this year namely the Hexa, Tigor and Nexon and the company has already been doing good numbers on the Tiago hatchback. Also, the sale of Tata Nexon compact SUV is increasing as the vehicle has received a good response in the Indian passenger car market although it has a waiting period of 8 weeks for deliveries. The automaker has also recently launched the AMT version of Tigor in order to attract more sales for the company with this customer luring model.