Pro Plus

Tata Motors increases its UV market share to over 8% in FY2019

Even as the utility vehicle (UV) segment in India witnessed a stark slowdown in a year marred by soaring fuel prices, the Tata Nexon and the Tata Hexa helped Tata Motors connect with aspirations of young buyers.

By Mayank Dhingra

12 Apr 2019

33622 Views

Tata Motors sold 78,756 UVs in FY2019, notching 51% YoY growth and growing its UV market share to 8.37%from 5.63% in FY2018. The Nexon compact SUV continues to be its prime growth driver.

The Indian automotive industry has just concluded what was one of its worst fiscals ever in the past 12 years, and the impact of the slowdown was felt by all vehicle categories, including UVs, which closed the financial year with dismal 2 percent growth.

Of the total PV sales of 3,377,436 units (+2.70%), UVs went home to 941,461 buyers, a mere 2 percent uptick in demand over the 922,322 units sold in FY2018. To set the perspective straight, their performance in FY2018 was no less than remarkable with a net growth of 21 percent coming over and above the ...

This is an Autocar Pro Plus article. Subscribe to continue reading.