Gold Silver Reports (GSR) – CV Sales Boost For Tata Motors — Tata Motors Ltd.’s local sales jumped 35 percent in March aided by the commercial vehicles and passenger vehicles segments.
Sales in India rose to 69,440 units as against 51,309 units over last year, Tata Motors said in an exchange filing today. Exports rose 17 percent to 6,643 units in the same period.
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Sales of passenger vehicles rose more than 30 percent to 20,266 units led by demand of Tiago and Tigor. Commercial vehicle sales rose 37 percent year-on-year to 49,174 units on account of the “government’s push towards infrastructure development, restriction on overloading, road construction and mining activities along with increasing demand from e-commerce and FMCG applications,” the filing added. – Neal Bhai Reports (NBR) INDIA
