Tata Motors November sales hit by demonetisation; CV sales drop 17%

Tata Motors' sales remained flat at 38,900 units in November, 2016 as against 38,918 vehicles during the same period last year due to demonetisation.

"The impact of demonetization was felt across all segments. Sales of Tata Motors Light and Small Commercial Vehicles, dropped by 13% over November 2015, last year. Buses segment reported a growth of 60%, whilst MH&ICV Cargo sales on a much larger base, saw a drop of 28%, with long haul cargo operators being severely affected by cash crunch and deferring purchases".

The company’s domestic sales of Tata commercial and passenger vehicles for last month was at 33,274 units, a decline of 6%, over November 2015. 

Here are some vehicle-wise performence of Tata Motors mentioned below: 

Cumulative sales (including exports) of the company for the fiscal was at 3,50,549 units, higher by 8% over 3,24,966 vehicles, sold last year.

Last month, Tata Motors passenger vehicles, in the domestic market, recorded sales at 12,736 units, with a growth of 22%, compared to 10,470 units, sold in November
2015. 

The passenger car sales continued its growth momentum due to strong demand for the Tata Tiago, the company said.

Under commercial vehicle segment, sales in November 2016, in the domestic market were at 20,538 units, lower by 17% over November 2015. 

The company’s sales from exports was at 5,626 units in November, 2016, a jump of 57% compared to 3,573 vehicles sold in November 2015. The cumulative sales from exports for the fiscal was at 43,428 vehicles, higher by 19%, over 36,343 units, sold last year.