TATA Motors grabbing growth in Commercial Vehicles

Tata Motors experienced a strong growth in certain key segments, as passenger cars and M&HCV grew 38 per cent year-on-year; with the total commercial and passenger vehicles sales 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., experienced a growth of 5% over 36,657 vehicles, sold in January 2014. Increasing sales 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 increased by 4% in January 2015 over last year.

Passenger Vehicles:

In January 2015, Tata Motors passenger vehicles scored sales 13,047 nos., a incremental growth of 19%, compared to 10,974 nos., sold in January 2014.

The fashion of growth in passenger vehicles still continues- 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 decremented by 44% at 1,410 nos., in January 2015. Increasing sales of passenger vehicles in the domestic market for the fiscal are 105,274 nos., went lower by 8% over last year.

Commercial Vehicles:

The company’s sales of commercial vehicles in January 2015 in the domestic market at 25,574 nos., remained same. LCV sales were at 14,301 nos., a decrement of 18% over January 2014, while M&HCV sales continued to show upraise 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.

Exports:

The company’s exports were 3,961 nos. in January 2015, rose by 4% as 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.

Source: Autobei