The Tatas sold over 14,466 Indica cars, which was slightly lower than the sales of 14,592 units of the Santro hatchback in January.
Tata Motors Chairman Cyrus Mistry said the company was poised for an 'inflection', even as it revamped its entire product portfolio.
The company is banking on investments lined up for product development and other innovations.
Tata Motors ended the year selling 21,012 Nanos, up from 16,901 in FY15.