Key Highlights:
- LCVs witnessed a growth of 10% in February 2016, bucking recent trends
- M&HCVs continued the strong growth of 22%, in February 2016
- Company’s exports grew by 31% in February 2016
Mumbai, March 01, 2016: Tata Motors continued to witness year-on-year growth in the M&HCV segment in February 2016, with a growth of 22%. Total sales of Tata Motors passenger and commercial vehicles (including exports) were at 46,674 vehicles, higher by 6%, over 44,233 vehicles, sold in February 2015. The domestic sale of Tata commercial and passenger vehicles for February 2016 were at 41,532 nos. higher by 3% over 40,322 vehicles sold in February 2015.
Cumulative sales (including exports) for the fiscal is at 458,654 nos., higher by 2% over 449,814 vehicles, sold last year.
Commercial Vehicles
In commercial vehicles, while M&HCV sales continued to grow at 14,872 nos., higher by 22%, over February 2015, the Light & Small Commercial Vehicle sales has witnessed growth at 15,698 nos., higher by 10% over February 2015. The overall commercial vehicles sales for Tata Motors in the domestic market at 30,570 nos., in February 2016, is an increase of 15%, compared to 26,555 nos., in February 2015. This significant increase, has been enabled by the growth in LCVs, supplementing the already prevailing MHCV growth. This is the third consecutive month of growth in LCVs after many months, and if sustained, could see return of growth in this segment, albeit on a low base.
Cumulative sales of commercial vehicles in the domestic market for the fiscal are at 288,895 nos., higher by 1% over last year. Cumulative LCV sales are at 150,472 nos., a decline of 13% over last year, while M&HCV sales at 138,423 nos., were higher by 23%, over last year.
Passenger Vehicles
In February 2016, Tata Motors passenger vehicles sales were at 10,962 nos., a decline of 20%, compared to 13,767 nos. The wholesales of passenger cars in February 2016 were lower by 21% at 9,284 nos., compared to 11,805 nos., in February 2015 and the UV sales declined by 14% at 1,678 nos., in February 2016.
Cumulative sales of all passenger vehicles in the domestic market for the fiscal are 118,080 nos., lower by 1% over last year.
Exports
The company’s sales from exports were 5,142 nos., in February 2016, higher by 31% compared to 3,911 vehicles in February 2015. The cumulative sales from exports for the fiscal are at 51,679 nos., were higher by 16%, over 44,498 nos., sold last year.