Tata Motors Begins 2018 With 43% Growth in January

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posted on 6 years ago — updated on 1 second ago

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On the passenger vehicles side, Tata Motors sold 20,055 units, a robust 55 percent growth on the back of increasing demand of the Tiago and Tigor along with the Nexon and the seven-seater SUV Hexa gaining traction.

Tata Motors began 2018 with a strong note posing a healthy 43 percent spike in January volumes at 59,441 units, led by strong demand for both commercials as well as passenger vehicles sales. While the volume of small commercial vehicles and pick-up grew 75 percent, intermediate and light CVs clipped at 55 percent and passenger vehicles vroomed past 55 percent, the company said.

Construction, manufacturing and logistics sectors aided in an increased demand across commercial vehicles segment during the month, the company added. On the passenger vehicles side, it sold 20,055 units, a robust 55 percent growth on the back of increasing demand of the Tiago and Tigor along with the Nexon and the seven-seater SUV Hexa gaining traction.

The passenger car segment grew 27 percent while the UV segment clipped past 188 percent. Domestic CV sales jumped 38 percent to 39,386 units, driven by robust infrastructure developments coupled with growing logistics demand from the construction sector. Also Read: Top 2018 Upcoming Motorcycle Launches in India: Yamaha R15 V3, Royal Enfield 650 & More

The M&HCV truck segment saw volume rising by 13 percent to 12,804 units as demand for trucks was led by increasing restrictions on overloading, fresh tenders in the car carrier and petroleum sectors as well as coal and cement movement triggered by key infrastructure projects. The growth was lower than expected owing to challenges arising out of supply constraints on key parts, it said.

The I&LCV truck segment saw volume rise by 55 percent to 4,541 units on increased thrust in agriculture-based, FMCG and e-commerce sectors. Increasing demand for container and refrigerated trucks also resulted in increased demand in the I&LCV segment.

Small commercial cargo and pick-up segment sales soared 75 percent to 17,948 units on the back of new product introductions and uptick in buying sentiments especially with e-commerce sector and government/municipal applications.

Commercial passenger carrier segment was at 4,093 units, a growth of 3 percent over last year. On the exports front, the CV volumes rose 5 percent to 4,900 units. Girish Wagh, CV unit president said, 2018 started with a positive note witnessing 38 percent growth over last January. We've seen a consistent growth momentum in the CV segment on account of robust infra developments along with logistics requirements due to the rising requirement from the construction sector.