Tata Motors sales grew 2%, commercial vehicles drop 9% in December
Indian automotive manufacturing company, Tata Motors on Monday posted sales growth of 2% in December.
The company said that it sold 40,944 units of commercial and passenger vehicles in December as compared to 39,973 the previous year.
However, the company’s commercial vehicle sales was lower by 9% at 24,998 units over December 2015.
“…the construct segment continued to grow strongly by 22% due to increase in road construction as contractors have started on ground execution of projects, the coal & iron ore mining segment is also gaining momentum,” the company said.
Speaking about its domestic sales, Tata Motors said, “The company’s domestic sales of Tata commercial and passenger vehicles for December 2016 was at 35,825 units, a growth of 1% over December 2015.”
The exports of the company surged 12% from 4,557 vehicles in December 2015 to 5,119 units last month.
“Cumulative sales of all passenger vehicles in the domestic market, this fiscal were 112,539 nos., a growth of 17%, compared to 95,979 nos., in last fiscal,” the company added.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Power of Compounding: How many years will it take to reach Rs 3 crore corpus if your monthly SIP is Rs 4,000, Rs 5,000, or Rs 6,000
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
Reduce Home Loan EMI vs Reduce Tenure: Rs 75 lakh, 25-year loan; which option can save Rs 25 lakh and 64 months and how? Know here
Top 7 Large and Mid Cap Mutual Funds with Best SIP Returns in 5 Years: No. 1 fund has turned Rs 15,000 monthly SIP investment into Rs 20,54,384; know about others
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
PSU Oil Stocks: Here's what brokerage suggests on these 2 largecap, 1 midcap scrips - Buy, Sell or Hold?
04:20 PM IST