Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
News18 » Auto
1-min read

Tata Motor's Passenger Vehicles Continue Growth Momentum in April 2017

The company’s domestic sales for April 2017 were at 28,844 nos., lower by 19 percent, over 35,604 nos., in April 2016.

News18.com

Updated:May 1, 2017, 5:39 PM IST
facebookTwitterskypewhatsapp
Tata Motor's Passenger Vehicles Continue Growth Momentum in April 2017
Tata Tigor. (Photo: Siddharth Safaya/News18.com)
Loading...

Tata Motors passenger vehicles, in the domestic market, continued its growth momentum at 12,827 nos., a growth of 23 percent, over April 2016, due to an encouraging response for its recently launched Tata HEXA and Tata TIGOR. The Tata TIAGO continues to maintain good order pipeline.

Tata Motors commercial vehicles were affected by the Supreme Court judgment announced on March 29, with the ban on BS3 sales, leading to the need for a higher quantity of BS4 stock for April sales. The higher demand at short notice was not met in production, as vendors struggled to meet the higher demand, especially in the MHCV segments. Moreover, after the strong pre-buying of BS3 vehicles in March, and the price increase of BS4 vehicles (especially in the MHCV and Buses at 8-10 percent), demand for BS4 vehicles was also weak. The commercial vehicles sales in April 2017, in the domestic market, were at 16,017 nos., lower by 36 percent over April 2016.

Commenting on the sales performance, Mr. Mayank Pareek, President, Passenger Vehicles Business Unit, Tata Motors, said, “While the industry faced short-term headwinds further to the BS III verdict, Tata Motors continued its robust sales performance with a growth of 23 percent in April led by a strong pipeline for Tiago and a positive response for our new lifestyle UV - Tata HEXA. We have successfully completed the launch of Tata TIGOR across the country and are delighted that it has been well received by our customers. We hope to see this momentum continue with an encouraging growth on the back of our strong product portfolio.”

Also Read: Tata Tigor Launched in India at Rs 4.70 Lakh, Ex-Showroom Delhi

The company expects production, wholesales and retails to pick up in May and June.

Tata Motors passenger and commercial vehicle total sales (including exports) in April 2017 were 30,972 vehicles, a degrowth of 21 percent over 39,389 vehicles sold in April 2016. The company’s domestic sales for April 2017 were at 28,844 nos., lower by 19 percent, over 35,604 nos., in April 2016.

Don't Miss:

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months. Use code FREEDOM.

| Edited by: Krishna Sinha Chaudhury
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp

Live TV

Loading...
Countdown To Elections Results
To Assembly Elections 2018 Results