The company’s sales from exports (from CV and PV) in June 2018 was at an impressive 5,246 units compared to 3,504 units last year, a growth of 50 per cent.

Mumbai, July 2, 2018

Tata Motors registered a strong growth of 64 per cent in its domestic sales for the first quarter (April-June 2018), FY19 at 164,579 units compared to 100,141 units over previous year due to the continued strong month on month sales performance of its Commercial and Passenger Vehicles Business in the domestic market. In June 2018, Tata Motors sales in the domestic market grew by 54 per cent at 56,773 units compared to 36,836 units over previous year.

In FY19, the Company has embarked on a Turnaround 2.0 journey, with 3 clear objectives viz. ‘Win Decisively in CV’, ‘Win Sustainably in PV’ and embed the turnaround culture within the organisation.

Tata Motors’ Commercial Vehicles (CV) domestic sales continued its strong growth momentum in June 2018 with 38,560 units, an increase of 50 per cent compared to 25,660 units last year. Cumulative sales growth of CV in the domestic market for the quarter (April-June 2018) were at 111,642 units, a growth of 71 per cent, compared to 65,283 units, in the same period last fiscal. Post the Supreme Court ruling on BSIII to BSIV transition, sales were affected last year as there was huge pre-buy and also a limited supply of BSIV vehicles. This year, the continued growth in June 2018 is on the back of the economy continuing to show an uptick due to the improved industrial activity, robust demand in private consumption and government spending on infrastructure.

Girish Wagh, President, Commercial Vehicle Business Unit, Tata Motors, commented, “We are pleased to end the first quarter of FY19 with a robust growth in our sales performance, crossing the 1 lakh sales mark with 71 per cent growth. In June 2018, our commercial vehicles domestic business reported an increase of 50 per cent on the back of the economy continuing to show an uptick due to the improved industrial activity, robust private consumption and government spending on infrastructure.

The M&HCV segment performed strongly, recording a 50 per cent growth boosted by the government’s focus on infrastructure development, road construction, building of irrigation facilities and affordable housing projects across the country. New product launches, continuing growth of the e-Commerce sector and increased rural consumption have resulted in robust growth of 69 per cent in the ILCV segment. The SCV Cargo and Pickup segment reported a significant growth of 53 per cent on the account of growth in e-Commerce sector and increasing demand for last mile connectivity. The CV Passenger carrier segment grew by 33 per cent led by the robust demand for school buses and Ambulances. The recently launched new products like the Tata Ultra ILCV range of trucks and Tata Ace Gold are gaining significant acceptance and contributing to the volume growth.’’

Mayank Pareek, President – Passenger Vehicles, Tata Motors, said, “We are delighted with the robust sales performance in June 2018 with a growth of 63 per cent. Thanks to the continued strong demand for Tiago, Tigor, Nexon and Hexa. To meet the growing demand, we also saw the combined production of Tiago and Tigor cross the important milestone of 200,000 units in June 2018 at the Sanand facility. We will continue to strive towards a sustainable win by driving volumes and increasing our market share as part of our on-going turnaround journey.”

The company’s sales from exports (from CV and PV) in June 2018 was at an impressive 5,246 units compared to 3,504 units last year, a growth of 50 per cent.