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Tata Motors, a home grown auto manufacturer officially announced sales figures for the month of October 2017 wherein the company witnessed strong demand for pickup and ILCVs segment. In the domestic passenger vehicles, the company sold 48,886 units last month registering 5 percent growth as compared to the same period last year. With the ongoing festive season and introduction of new product, the company witnessed strong buying sentiments across all the segments. Also Read: Tata Tigor AMT Launched in India, Price starts from INR 5.75 Lakh
The company retailed 16,475 units in the month of October 2017 registering 1 percent growth over October 2016 with the help of new generation vehicles such as Tiago, Tigor, Hexa and Nexon. The cumulative sales growth in the domestic market for the passenger vehicles this fiscal stood at 97,892 units, a growth of 10%, compared to 88,976 units, in the same period last fiscal. See More: Tata X451 (Maruti Baleno rival) Spied Testing; Price in India, Launch Date, Specs, Images
Commenting on the sales performance, Girish Wagh, Head, Commercial Vehicle Business Unit, Tata Motors said, Tata Motors domestic Commercial Vehicle business grew by 7% over October 2016 on the back of strong product portfolio across segments and a further ramp-up in production. With increasing acceptance of our SCR technology, infrastructure development and higher demand for our new high tonnage vehicles especially the 37T multiaxle trucks and 49T tractor trailers, our M&HCV segment grew by 8% over last year. The I&LCV segment witnessed a growth of 7% in October 2017, with the new product introductions including the Ultra range. Pick up segment witnessed a consistent strong growth of 45% in October 2017 with Tata Xenon Yodha & ACE Mega XL gaining traction with increased demand across markets. With our business turnaround, our commercial vehicle business will continue to be our key focus and we will undertake appropriate measures to improve our performance across segments and cater to the discerning needs to our customers. See More: Top 5 upcoming Sub-Compact SUVs in India in 2017-18; New Ford EcoSport, Maruti Brezza Petrol, Tata Nexon AMT, Hyundai Carlino
Commenting on the sales performance, Mr. Mayank Pareek, President, Passenger Vehicles Business Unit, Tata Motors, said, We continue to keep the sales momentum going, led by a strong product pipeline of Tiago, Tigor, and Hexa. We have successfully completed the launch of Nexon across the country and are delighted with the response and it is currently witnessing a waiting period of around 8 weeks. While we have grown, we could have done better had it not been for the long holiday season. We will maintain cautious optimism in the market and hope to see this momentum continue.
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