Tata Motors record 21 per cent sales growth in October 2016

Tata Motors, as we know, is on full on revival mode, what with the launch of entirely new vehicles and some aggressive product expansion plans. The efforts seem to be paying off if we look at the brand’s October 2016 sales which were at 52,813 vehicles. The figure marks a growth of 21 per cent over 43,486 vehicles sold during the same period last year.  

The company’s domestic sales of commercial and passenger vehicles for October 2016 were at 46,480 units, a growth of 19 per cent over October 2015. The passenger car sales, in particular, continued its growth momentum thanks to strong demand for the Tiago which is being hailed as Tata’s comeback model. As for the exports, Tata shipped 6,333 cars in October 2016, marking a growth of 39 per cent compared to 4,569 vehicles in October 2015. 

Coming back to the Tiago, now even though Tata recently hiked the prices of it by about Rs 7,000, the small car is still attracting more buyers into the showrooms. Previous reports indicate that Tata currently has over 50,000 bookings and the waiting period has stretched up to three months.