Tata Motors recently reported an 8 percent boost in overall sales at 48,648 units in September. The automaker sold 45,215 units in the same month in 2015. Domestic sales of Tata Motors’ business and passenger automobiles grew 5% to 42,961 units during September over the exact same month of 2015. Sales of passenger cars in the domestic market grew 24% to 14,601 units last month as versus 11,732 units in the year-ago duration, Tata Motors stated in a declaration.
Mayank Pareek, President of Passenger Vehicles Business Unit at Tata Motors, told, “Our sales have actually been spread throughout models. While Tiago is doing well, our existing units are also succeeding. While Tiago has acted as the pull-factor, other designs are likewise getting excellent sales, our tramp has increased by 34 per cent.”
This growth has actually can be found in a month, which also happens to have the inauspicious period of Shradh. Sentiments are getting better, interest rates are decent and fuel rates are basically stable, he included. “This will be a good festive season for the us and we hope it will continue to October and November,” he stated.
For the market, Pareek stated in the first half of the financial, sales have actually grown by 12.2 percent at about 1.49 million units. “Going by this pattern, the Indian automobile market could cross the 3 million systems mark this year,” he added. In the industrial automobiles segment, the automaker’s domestic sales were down 2 percent at 28,360 units, Tata Motors stated. Exports throughout the month were up 29 percent at 5,687 units compared to 4,402 units sold in September 2015.