Tata Motors has reported sales of 10,827 passenger vehicles in December 2016, a year-on-year growth of 35 percent.
02 Jan 2017 | 5402 Views | By Autocar Professional Bureau
Tata Motors has reported sales of 10,827 passenger vehicles in December 2016, a year-on-year growth of 12.49 percent compared to the 9,625 units it sold in December 2015.
The sales growth is attributed to growing consumer demand for the Tiago hatchback. According to Mayank Pareek, president, Passenger Vehicle Business, ...
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Tata Motors has reported sales of 10,827 passenger vehicles in December 2016, a year-on-year growth of 12.49 percent compared to the 9,625 units it sold in December 2015.
The sales growth is attributed to growing consumer demand for the Tiago hatchback. According to Mayank Pareek, president, Passenger Vehicle Business, Tata Motors, “We continued our growth momentum in December on the back of robust sales, led by the positive response for the Tata Tiago. This has resulted in planned stock reduction in the network. We also saw good traction on retail sales towards the end of the month. The new year holds tremendous opportunity for further growth as we enhance our product lineup with a slew of new models.”
Cumulative sales growth of all passenger vehicles in the domestic market, this fiscal, were 112,539 units, up 17% compared to 95,979 units in last fiscal.
The company’s sales from exports stood at 5,119 units in December 2016, up 12% compared to 4,557 vehicles sold in December 2015. The cumulative sales from exports for the fiscal was at 48,547 units, up 19% over 40,900 units sold last year.
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