Tata Motors passenger car sales rise 16%, commercial vehicles fall 49%
The rise in sales, which comes after 18 months of decline, propped up the firm's passenger vehicle sales to 6%.
Mumbai: Passenger car sales at Tata Motors Ltd, India’s largest automaker by sales, rose 16% to 9,026 units in February, compared with a year ago, the company said in a statement on Saturday.
The rise in passenger car sales, which comes after 18 months of decline, drove up the firm’s passenger vehicle sales to 6%.
The utility vehicles, including the Safari, Sumo, Aria and Venture, however, declined 5% to 2,844 units.
The sales of commercial vehicles fell sharply by 49% to 23,990 units in February against last year.
Commercial vehicles sales are seeing the worst slowdown in more than a decade. Sales dropped to 639,867 units, compared with 520,655 units in the first 10 months of the current fiscal, according to the Society of Indian Automobile Manufacturers, or Siam.
The tide for the makers of such vehicles is unlikely to turn any time soon with the continuing slowdown in infrastructure projects, slow pace of economic growth and shrinking factory output.
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