Tata Motors continued to witness strong year-on-year growth in certain key segments in July 2015, with passenger cars (excluding UV's), M&HCV and Exports, growing by 27, 21 and 16 percent respectively.
In July, 40,154 Tata Motors passenger and commercial vehicles (including exports) were sold, growing by one percent in comparison to the same month in fiscal 2014-15 (39,629 vehicles).
The domestic sale of Tata commercial and passenger vehicles for July 2015 were at 35,076 nos., a decline of one percent over 35,266 vehicles sold in July 2014.
Cumulative sales, including exports for the fiscal at 1,56,664 nos., are higher by five percent over 1,49,633 vehicles, sold last year.
In July 2015, Tata Motors passenger vehicles recorded a year-on-year growth of 13 percent, with sales of 10,389 nos., compared to 9,167 nos.
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The growth trend was driven by the cars segment, specifically the new launches of Zest, Bolt and the new GenX Nano. The sale of the passenger cars in July 2015 were higher by 27 percent at 8,520 nos., compared to 6,703 nos., in July 2014. UV sales declined by 24 percent at 1,869 nos., in July 2015.
Cumulative sales of all passenger vehicles in the domestic market for the fiscal are 42,038 nos., higher by 25 percent over last year.
In commercial vehicles, M & HCV sales continued to grow at 11,808 nos., higher by 21 percent, over July 2014. The Light and Small Commercial Vehicle sales however continued to reflect industry decline and were at 12,879 nos., a decline of 21 percent over July 2014.
These impacted the overall commercial vehicles sales for Tata Motors in the domestic market, that were at 24,687 nos. in July 2015, a decline of 5 percent over July 2014.
Cumulative sales of commercial vehicles in the domestic market for the fiscal was 96,038 nos., lower by 5 percent over last year. Cumulative LCV sales was 51,813 nos., a decline of 19 percent over last year, while M & HCV sales at 44,225 nos., were higher by 19 percent, over last year.
The company's sales from exports were 5,078 nos., in July 2015, higher by 16 per cent compared to 4,363 vehicles in July 2014. The cumulative sales from exports for the fiscal at 18,588 nos., were higher by 27 percent, over 14,590 nos., sold last year.
Tata Motors Limited is India's largest automobile company, with consolidated revenues of INR 2,62,796 crores (USD 42.04 billion) in 2014-15. 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, Australia, CIS and Russia.
