Tata Motors saw strong growth in certain key segments, as passenger cars (excluding UV’s) and M&HCV grew 38 per cent year-on-year; with the total commercial and passenger vehicles sales (including exports) in January 2015 of 42,582 vehicles, a growth of 5% over 40,481 vehicles sold in January 2014. The company’s domestic sales of Tata commercial and passenger vehicles for January 2015 were 38,621 nos., a growth of 5% over 36,657 vehicles, sold in January 2014.
Cumulative sales (including exports) for the company for the fiscal are 405,577 nos., lower by 15% over 475,560 vehicles, sold last year.
While market continues to remain challenged by macroeconomic trends, besides positive growth in segments such as M&HCV and Passenger Cars, Exports have grown in January 2015 by 4%, over last year.
In January 2015, Tata Motors passenger vehicles recorded sales 13,047 nos., a growth of 19%, compared to 10,974 nos., sold in January 2014.
The trend of growth in passenger vehicles continued – with the strong Zest sales and the good response to the all-new Bolt. While the sales of the passenger cars in January 2015 were at 11,637 nos., higher by 38%, over January 2014, the UV sales declined by 44% at 1,410 nos., in January 2015.
Cumulative sales of all passenger vehicles in the domestic market for the fiscal are 105,274 nos., lower by 8% over last year.
The company’s sales of commercial vehicles in January 2015 in the domestic market at 25,574 nos., remained flat. LCV sales were at 14,301 nos., a decline of 18% over January 2014, while M&HCV sales continued to show growth at 11,273 nos., which is higher by 38%, over January 2014.
Cumulative sales of commercial vehicles in the domestic market for the fiscal was 259,716 nos., lower by 19% over last year. Cumulative LCV sales was 159,726 nos., a decline of 31% over last year, while M&HCV sales at 99,990 nos., were higher by 13%, over last year.
The company’s sales from exports were 3,961 nos. in January 2015, grew by 4% compared to 3,824 vehicles in January 2014. The cumulative sales from exports for the fiscal at 40,587 nos., grew marginally by 1%, over last year.
About Tata Motors
Tata Motors Limited is India’s largest automobile company, with consolidated revenues of INR 2,32,834 crores (USD 38.9 billion) in 2014-14. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands. It also has an industrial joint venture with Fiat in India. With over 8 million Tata vehicles plying in India, Tata Motors is the country’s market leader in commercial vehicles and among the top in passenger vehicles. Tata cars, buses and trucks are being marketed in several countries in Europe, Africa, the Middle East, South Asia, South East Asia, South America, CIS and Russia.