Tata Motors Become Fourth largest Carmaker in India in May 2017

Tata Tigor India Launch Price Engine Specs Features Interior 1

Tata Motors’ success is attributed to the high demands for vehicles like Tiago, Tigor and Hexa; pushes Honda to fifth position

Tata Motors has become the fourth largest car manufacturer in India in May 2017 by edging out Honda Car India to fifth position. The success of homegrown auto major is attributed to the high demand of Tiago, Tigor and Hexa. Last month the company sold 12,499 units of vehicles registering a 32.18% sales growth, while Honda Car India sold 11,2178 units marking a growth of 13.3%.

Despite being affected by demonetisation and after that by BS-II ban, passenger car sales have grew significantly and the segment has seen a total sales growth of 8.63% in May 2017 compared to the same month last year. However, the growth percentage is down from the double digit growth of April 2017, when the segment recorded 14.68% sales growth.

Tata Motors records 84% sales surge in March 2017

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It has been forecasted that passenger vehicles sales in India will grow between 9-10% in the financial year 2017-2018 and as it seems, the trend is right on track. With the Goods and Services Tax ready to be rolled out from 1st July, prices of SUVs, large and luxury cars will go down. Sales of these cars are expected to grow then and it will significantly help the market to grow stronger.

Like always Maruti Suzuki and Hyundai are holding the top two spots in May 2017 as well with sales record of 130,248 units and 42,007 units respectively. Mahindra is at the third position with 20,270 units sold in domestic market. Growing demand in rural markets across the country have played major role behind the sales growth of the automakers.


Also read: All You Need to Know About Tata Tigor Sedan

Now, with the under the new tax structure of GST small mass market cars will see a marginal price hike as these cars are positioned in the highest 28% slab of the new tax system. This could result in a slight drop of sales in small car segment. But automakers believe it won’t affect the sales at large.

Tata Hexa Gallery