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Tata Motors becomes 4th largest PV Maker this year

Tata Motors becomes 4th largest PV Maker this year
Tata Motors becomes 4th largest PV Maker this year
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New Delhi sources reported that Home-grown automaker Tata Motors has become the fourth-largest passenger vehicle (PV) maker by dethroning Honda cars Indian in the FY18. Meanwhile according to the data shared by both the companies, Tata Motors sold 187,321 units in the April 2017-March 2018 period, growing at a rate of 22%, whereas Honda Cars India sold 170,026 units in the same period, growing at a rate of 8%.

Accordingly both the carmakers were competing against each other to become the fourth-largest carmaker after Mahindra & Mahindra, Hyundai Motor India and Maruti Suzuki India and further despite growth in the Honda Cars India sales, Tata Motors swiped the fourth slot. The primary reason behind the rise of Tata Motors’ domestic sales is its strong sales of the compact utility vehicle Nexon and mini-hatchback Tiago.

Tata Motors becomes 4th largest PV Maker this year

Further since the launch of Tata Tiago, the car maker has been seeing an uptick in its sales. The Tiago has been contributing over 40% of Tata’s domestic sales. However, the Hexa and the Tigor did not fly-off well because of the strong competition in the segment. Furthermore with the help of the executive sedan Honda City and the crossover WR-V, the Japanese car maker’s domestic sales are growing month-on-month.

Tata Motors becomes 4th largest PV Maker this year
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