Tata Motors has reported an 8 per cent increase in total sales in March at 57,145 units compared with 53,057 units in the same month last year.
Cumulative sales of the company for the 2016-17 fiscal stood at 5,42,561 units, up 6 per cent over 5,11,705 vehicles sold in 2015-16.
Domestic sales of Tata Motors’ commercial and passenger vehicles grew 10 per cent to 51,309 units in March from 46,701 units in the same month of the previous year.
Sales of passenger vehicles in the domestic market grew 84 per cent to 15,433 units last month on the back of robust sales of hatchback Tiago, Tata Motors said in a statement today.
“Sales for the month of March have been encouraging with a robust growth of 84 per cent owing to the continued demand for Tiago and Hexa,” Tata Motors President Passenger Vehicles Business Unit Mayank Pareek said.
The launch of the Hexa, Tiago AMT and Tigor have set new benchmarks in their respective segments signifying Tata Motors as one of the fastest growing manufacturers in India, he added.
In the commercial vehicles segment, the company’s domestic sales were down 6 per cent at 35,876 units.
“The wholesale figures of Tata Motors' commercial vehicles were affected by the Supreme Court judgment announced on March 29, leading to confusion and the consequent focus at the dealers level to increase retail and to reduce the levels of unsold stock,” it added.
Exports during the month declined by 8 per cent to 5,836 units from 6,356 units.