Tata Motors passenger vehicles, in the domestic market, continued its growth momentum at 12,827 nos., a growth of 23 percent, over April 2016, due to an encouraging response for its recently launched Tata HEXA and Tata TIGOR. The Tata TIAGO continues to maintain good order pipeline.
Tata Motors commercial vehicles were affected by the Supreme Court judgment announced on March 29, with the ban on BS3 sales, leading to the need for a higher quantity of BS4 stock for April sales. The higher demand at short notice was not met in production, as vendors struggled to meet the higher demand, especially in the MHCV segments. Moreover, after the strong pre-buying of BS3 vehicles in March, and the price increase of BS4 vehicles (especially in the MHCV and Buses at 8-10 percent), demand for BS4 vehicles was also weak. The commercial vehicles sales in April 2017, in the domestic market, were at 16,017 nos., lower by 36 percent over April 2016.
The company expects production, wholesales and retails to pick up in May and June.
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