The company continued to witness year-on-year growth in key segments in November 2016, with the company’s passenger vehicle segment growing by 22%, led by passenger cars which grew by 26%. In M&HCV’s, construction vehicles continued to show robust growth at 46%. Exports continued to grow on account of strong demand for Tata Motors’ commercial vehicles.
Domestic – Passenger Vehicles
In November 2016, Tata Motors passenger vehicles, in the domestic market, recorded sales at 12,736 nos., with a growth of 22%, compared to 10,470 nos., sold in November 2015. The passenger car sales continued its growth momentum due to strong demand for the Tata Tiago.
Cumulative sales growth of all passenger vehicles in the domestic market, were 101,712 nos., a growth of 16%, compared to 87,935 nos., in November 2015.
Domestic – Commercial Vehicles
The overall commercial vehicles sales in November 2016, in the domestic market were at 20,538 nos., lower by 17% over November 2015. The impact of demonetization was felt across all segments. Sales of Tata Motors Light and Small Commercial Vehicles, dropped by 13% over November 2015, last year. Buses segment reported a growth of 60%, whilst MH&ICV Cargo sales on a much larger base, saw a drop of 28%, with long haul cargo operators being severely affected by cash crunch and deferring purchases. However, the construct segment continued to grow strongly by 46%, thereby maintaining a robust cumulative growth of 30% for the year.
Cumulative sales of commercial vehicles in the domestic market for the fiscal were at 2,05,409 nos. higher by 2% over last year.
Exports
The company’s sales from exports was at 5,626 nos. in November 2016, a growth of 57% compared to 3,573 vehicles sold in November 2015. The cumulative sales from exports for the fiscal was at 43,428 nos., higher by 19%, over 36,343 nos., sold last year.
