Tata Motors December Sales Increase 2%

Tata Motors American depository shares were higher more than 2% in recent pre-market trade after the car maker said December sales increased 2% to 40,944 vehicles from 39,973 vehicles sold in Dec. 2015.

The company said in a regulatory filing the passenger vehicle segment grew by 35% due to continued positive response for the Tata Tiago. Exports grew by 12% on demand for commercial vehicles, the company’s bus segment saw growth of 59% over last year, and sales of construction vehicles grew by 22%.

For the full year the company sold 391,493, vehicles, up 7% from 364,939 in the prior year.

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