Tata Motors registered a strong sales performance with its Commercial and Passenger Vehicle domestic sales in January 2018 at 59,441 units as against 41,428 units in January 2017, a growth of 43%. The construction, manufacturing and logistics sectors aided in an increased demand across Commercial Vehicles segment during the month.
Mr. Girish Wagh, President, Commercial Vehicles Business Unit, Tata Motors Ltd. said, “The year 2018 has started with a positive note witnessing 38% growth over January 2017. We have seen a consistent growth momentum in the Commercial Vehicles segment on account of robust infrastructural developments along with logistics requirements owing to the rising requirement from the construction sector. With continuously increasing customer acceptance of the Tata Range of BS4 vehicles with superior SCR Technology, the M&HCV segment grew by 12.5% with increased demand for trucks led by restrictions on overloading, fresh tenders in the car carrier and petroleum sectors as well as coal and cement movement triggered by on-going infrastructure projects. However, the growth was lower than expected owing to challenges arising out of supply constraints on key aggregates. The I&LCV segment saw a strong growth of 55% over last year aided by increased thrust in Agriculture based, FMCG and E-commerce sectors. The SCV cargo and Pickup segment witnessed a promising growth of 75% over last year on back of new product introductions and an uptick in buying sentiments especially with e-commerce sector and Government/Municipal applications. With our turnaround strategy in full action, we are seeing encouraging results and we are confident to further improve our performance across segments.”
Domestic – Commercial Vehicles
Tata Motors’ Commercial Vehicles domestic sales in January 2018 were at 39,386 units, a growth of 38% compared to 28,521 units in January 2017. The sustained growth momentum in the Commercial Vehicles segment has been on account of robust infrastructural developments coupled with growing logistics requirements arising from the construction sector. The cumulative sales performance of the Commercial Vehicles business (April 2017-January 2018) in the domestic market was at 308,922 units, a growth of 19%, over last year and continues to grow month on month.
The M&HCV truck segment at 12,804 units was higher by 13%, over last year. The 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. However, the growth was lower than expected owing to challenges arising out of supply constraints on key parts.
The I&LCV truck segment at 4,541 units grew by 55% over last year aided by an 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.
The SCV Cargo and Pickup segment sales at 17,948 units reported a strong growth of 75% over last year on the back of new product introductions and uptick in buying sentiments especially with e-commerce sector and Government/Municipal applications. The commercial passenger carrier segment was at 4,093 units, a growth of 3% over last year.
Exports
The company’s Commercial Vehicles sales from exports in January 2018 was at 4,900 units, a growth of 5% over last year.