Cars

Tata Motors witnesses 18 per cent sales growth in September

Tata Motors witnesses 18 per cent sales growth in September

Indian car manufacturer Tata Motors has reported 18 per cent growth in sales with 17,286 units of the passenger vehicles sold in September 2017 as against the same period last year. The growth in sales can be attributed to introduction of new age vehicles like the Tiago, Tigor and the Hexa. As for cumulative numbers for domestic passenger and commercial vehicle sales, the company has witnessed a 25 per cent growth with 53,965 units sold in September alone.

Cumulative sales growth of passenger vehicles in the domestic market for the fiscal from April-September 2017 were at 81,417 units, thereby witnessing a growth of 12 per cent, as against 72,665 units sold in the same period in 2016. Speaking about it Mayank Pareek, President, Passenger Vehicles Business Unit, Tata Motors, said,” With a growth of 18 per cent in September 2017, we have recorded highest sales since November 2012, backed by our strong portfolio of new generation products like TIAGO, HEXA and TIGOR. Our recently launched lifestyle SUV- NEXON has received an encouraging response across markets and we hope to further expand our addressable market. With the on-going festive season, the consumer sentiment continues to remain positive and are optimistic of maintaining this positive trend with robust growth buoyed by the aspirational values we are offering customers.”

Tata Motors has also received a massive order of 10,000 electric vehicles from EESL. Speaking aabout it, Guenter Butschek, CEO and MD, Tata Motors said, “Tata Motors is extremely proud to partner with the Government of India in its journey to facilitate faster adoption of electric vehicles and to build a sustainable India. Tata Motors has been collaboratively working to develop electric powertrain technology for its selected products. EESL tender provided us the opportunity to participate in boosting e-mobility in the country, at the same time accelerate our efforts to offer full range of electric vehicles to the Indian consumers.”

[“Source-CNBC”]