Tata Motors reported on Monday a growth of 5% in total commercial and passenger vehicles sales including exports to 39,496 vehicles in May 2015 over 37,538 vehicles sold in May 2014. The company`s domestic sales of Tata commercial and passenger vehicles for May 2015 were at 34,818 nos., remained flat.
Cumulative sales (including exports) for the company for the fiscal are 75,641 units, higher by 6% over 71,442 vehicles, sold last year.
In May 2015, Tata Motors passenger vehicles recorded a year-on-year growth of 21%, with sales of 11,138 units, compared to 9,230 units.
The growth trend was driven by the cars segment, specifically the new launches of Zest and Bolt and with positive early response to the new GenX Nano. The sales of the passenger cars in May 2015 were higher by 32% at 9,176 units, compared to 6,932 units, in May 2014. The UV sales declined by 15% at 1,962 units, in May 2015.
Cumulative sales of all passenger vehicles in the domestic market for the fiscal are 21,368 units, higher by 28% over last year.
In the commercial vehicles, M&HCV sales continued to show growth at 10,788 nos., higher by 17%, over May 2014. The Light & Small Commercial Vehicle sales however continued to reflect the industry decline and were at 12,892 units, a decline of 19% over May 2014. These impacted the overall commercial vehicles sales for the company in May 2015 in the domestic market that were at 23,680 units, a decline of 6%, over May 2014.
Cumulative sales of commercial vehicles in the domestic market for the fiscal was 45,809 units, lower by 2% over last year. Cumulative LCV sales was 24,842 units, a decline of 14% over last year, while M&HCV sales at 20,967 units, were higher by 19%, over last year.
The company`s sales from exports were 4,678 units, in May 2015, higher by 47% compared to 3,191 vehicles in May 2014. The cumulative sales from exports for the fiscal at 8,464 units, were higher by 4%, over 8,124 units, sold last year.
Shares of the company declined Rs 9.45, or 1.96%, to settle at Rs 472.15. The total volume of shares traded was 476,249 at the BSE (Monday).
