Tata Motors started the New Year on a high note with positive sales growth. The Mumbai based carmaker has managed a positive year on year growth of 55 per cent in January 2018 compared to the same month last year. The carmaker sold a total of 20,055 units compared to 12,907 units in January 2017.
Tata claims that the UV segment grew by a whopping 188 per cent owing to the newly launched Nexon crossover. Meanwhile, the passenger car segment grew by 27 per cent with steady sales of Tiago and Tigor. The exports, on the other hand, grew by a modest five per cent. The commercial vehicles domestic sales in January 2018 stood at 39,386 units, translating to a growth of 38 per cent compared to 28,521 units in January 2017. Thereby registering a cumulative growth of 43 per cent.
The Indian carmaker reports a cumulative sales growth of 15 per cent in the passenger vehicles in the domestic market between April and Dec 2017. The carmaker sold 1,49,284 units compared to 1,25,446 units in the same period last year.
Mayank Pareek, president, passenger vehicles business unit, Tata Motors, commenting on the sales, said, “Happy to report that our strong sales performance continues in January 2018 and we have started 2018 with determination. This month we have grown by 55 per cent over last January, on the back of good demand for our new generation products – Tiago, Tigor, Nexon and Hexa. While Tiago continues to lead the growth in cars at 27 per cent, the Nexon and Hexa have attracted a new set of SUV buyers, resulting in 188 per cent growth in UVs. We continue to be optimistic and hope this growth momentum continues.”