Tata Motors February sales rise 2% to 47,573 units
Passenger vehicles growth was due to continued strong demand for the Tata Tiago. The company has also received an encouraging response to its recently launched lifestyle UV, Tata Hexa, said Tata Motors.
Tata Motors sold a total of 47,573 vehicles in the month of February 2017, rising by 2% as against 46,674 vehicles in the corresponding period of the previous year.
Domestic sales in this month were at 42,679 units, growing by 3% over 41,532 units in February 2016.
Tata Motors said that its passenger car segment recorded growth of 12% with sales of 12,272 units.
"Passenger vehicles growth was due to continued strong demand for the Tata Tiago. The company has also received an encouraging response to its recently launched lifestyle UV, Tata Hexa, " said Tata Motors.
While sales from commercial vehicles for this month were down 1% sequentially, at 30,407 units.
Medium heavy commercial vehicle (MHCV) demand picked up with 1% rise to 15,031 units. This was led by pre-buying on account of expected price increase led by BSIV implementation from 1st April.
However, sales from exports stood at 4,894 units, declining by 5% against 5,142 vehicles sold in the similar month of previous year.
Cumulatively sales of Tata Motors for the current fiscal is at 4,85,415 units, increasing by 6% versus 4,58,648 units sold in the corresponding period of previous year.
Shares of Tata Motors were among top losers on BSE on Wednesday closing at Rs 449.50 down by 1.55%.
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