Tata Motors logs 27% growth in domestic sales performance in August 2018

Tata Motors sales in the domestic market in August 2018, grew by 27%, at 58,262 units compared to 45,906 units over previous year. On a cumulative basis (April-August 2018), Tata Motors registered a strong growth of 45% at 274,666 units compared to 188,822 units against the same period last year due to the continued robust month-on-month sales performance of its Commercial and Passenger Vehicles Businesses in the domestic market. As part of Turnaround 2.0 in FY19, Tata Motors continues to focus on 3 clear objectives – ‘Win Decisively in CV’, ‘Win sustainably in PV’ and embed the turnaround culture within the organization while maintaining cautious optimism in the market.

Mr. Mayank Pareek, President, Passenger Vehicles Business Unit, Tata Motors Ltd. Said, “Due to heavy rains across the country and floods in Kerala, the consumer sentiment was muted. Despite a challenging month, we have recorded a growth of 28% Y-o-Y. The demand for our new generation vehicles has helped us maintain this consistent month on month growth. We are happy to report that the UV segment has performed exceptionally well, with a growth of 93%. This month also marked the milestone of the 50,000th Nexon rolling out of the Ranjangaon plant. The Nexon is one of the most loved and appreciated compact SUVs in the market today. We will continue to strive towards driving volumes and increasing our market share as part of our on-going turnaround journey.”

Mr. Girish Wagh, President, Commercial Vehicles Business Unit, Tata Motors Ltd. Said, “In August 2018, our commercial vehicle business has witnessed strong sales momentum registering a growth of 26% led by the success of our existing products and ongoing customer initiatives across segments. Improvements in GDP growth and other industry indicators continue to support the year on year growth of the auto industry. The company has recorded significant performance across segments due to various economic factors along with focused initiatives as part of our turnaround strategy. The M&HCV grew by 16%, 36% increase in the ILCV truck segment, 37% growth in SCV Cargo & Pickup, while CV Passenger grew by 9% over last year.”

Tata Motors’ Commercial Vehicles (CV) domestic sales in August 2018 were 39,859 units as against 31,566 units in Aug 2017, a growth of 26% led by the continued acceptance of the superior performance of our BS4 products.

The M&HCV truck segment with sales of 12,715 units continued to witness a growth of 16% over last year.

The I&LCV truck segment reported a strong performance with 5,260 units, a growth of 36% over last year.

The SCV Cargo and Pickup segment reported a robust growth with 17,426 units, up by 37%, over last year.

The commercial passenger carrier segment recorded a steady growth with 4,458 units, 9% increase over last year.

Tata Motors’ Passenger Vehicles (PV) domestic sales in August 2018 continued its growth trend at 18,420 units compared to 14,340 units, higher by 28% over last year despite a challenging month for the industry impacted on the account of heavy monsoon.

The company’s sales from Exports (from CV and PV) in August 2018 was at an impressive 5,478 units compared to 3,082 units last year, a growth of 78%.

 

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Jeevan Kumar is based in Navi-Mumbai and can be reached at jeevcb@yahoo.com