Tata Motors records sales growth of 7% in July 2016
Date: Aug 04 , 2016
New Delhi: Tata Motors passenger and commercial vehicle sales (including exports) in July 2016 were at 43,160 vehicles, a growth of 7%, over 40,154 vehicles sold in July 2015. The company’s domestic sales of Tata commercial and passenger vehicles for July 2016 were at 37,789 nos., a growth of 8%, over July 2015.
The Company continued to witness year-on-year growth in certain key segments in July 2016, with the company’s LCV sales growing by 5% and its passenger cars growing by 43%. Cumulative sales (including exports) of the company for the fiscal was at 166,889 nos., higher by 7% over 156,658 vehicles, sold last year.
Commercial Vehicles: The overall commercial vehicles sales in July 2016, in the domestic market were at 24,242 nos., lower by 2%, over July 2015. The sales of Tata Motors Light Commercial Vehicles, continued to grow in the domestic market at 13,544 nos., an increase of 5% over July 2015.
M&HCV sales were at 10,698 nos., lower by 9%, over July 2015. The segment saw subdued demand due to lower freight rates, heavier than usual monsoon in some of the states and some slowdown in the replacement market.
Cumulative sales of commercial vehicles in the domestic market for the fiscal were at 102,640 nos., higher by 7% over last year. Cumulative LCV sales were at 56,841 nos., an increase of 9% over last year, while M&HCV sales of 45,799 nos., and were higher by 4%, over last year.