Tata Motors sales in the domestic market grew by 27% in August 2018, with the vehicle maker selling 58,262 units compared to 45,906 units last August.
On a cumulative basis (April-August 2018), Tata Motors registered a strong growth of 45% at 274,666 units compared to 188,822 units against the same period last year due to the continued robust month-on-month sales performance of its commercial and passenger vehicle businesses in the domestic market.
Domestic – CVs
Tata Motors’ domestic CV sales in August 2018 were 39,859 units as against 31,566 units in August 2017, a growth of 26% led by the continued acceptance of the superior performance of its BS-IV products. Cumulative sales for the fiscal (April-August 2018) stands at 186,318 units compared to 124,691 units, growth of 49% over the same period last year.
The CV industry continues to grow on the back of strong economic activity, in the backdrop of strong GDP growth of 8.2 per cent in the April-June 2018 quarter, and growth in manufacturing, agriculture, construction and private final consumption expenditure (PFCE).
In the M&HCV segment, Tata Motors clocked sales of 12,715 units, growing by 16% over last year. This growth was on the back of road construction, affordable housing, irrigation projects and the Government spending on infrastructure projects. The M&HCV segment has started to gain back its momentum in the market after the clarity on the increased axle load norms.
In addition, Tata Motors’ BS-IV range of Signa and Prima trucks and tippers have been well established for their superior performance and continue to gain acceptance amongst the customers.
Tata Motors’ I&LCV trucks delivered a strong performance with 5,260 units, a growth of 36% over last year. This growth was strengthened by the new Tata Ultra range of trucks, in addition to growth in e-commerce sector and increased rural consumption.
In the SCV cargo and pick-up segment, the company reported robust growth with 17,426 units, up by 37%, over last year. The volumes for this segment were aided by high private consumption-led growth and the continuously evolving hub and spoke model – all leading to the small vehicle demand for the last mile connectivity.
The newly launched Tata Ace Gold has also been gaining significant acceptance and contributing to the volume growth.
The commercial passenger carrier segment recorded a steady growth with 4,458 units, a 9% increase over last year. This was led by a spurt in demand for school buses and vans supported by the demand for ambulances, in addition to an uptick in STU buying.
Mr. Girish Wagh, President, Commercial Vehicles Business Unit, Tata Motors Ltd., said: “In August 2018, our commercial vehicle business has witnessed strong sales momentum registering a growth of 26% led by the success of our existing products and ongoing customer initiatives across segments.
Improvements in GDP growth and other industry indicators continue to support the year-on-year growth of the auto industry. The company has recorded significant performance across segments due to various economic factors along with focused initiatives as part of our turnaround strategy. M&HCVs grew by 16%, 36% increase in the ILCV truck segment, 37% growth in SCV Cargo & Pickup, while CV Passenger grew by 9% over last year.”
Exports
Tata Motors’ sales from exports of both CVs and PVs in August 2018 was at an impressive 5,478 units, a growth of 78% compared to the 3,082 units it had exported in the same month last year.