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Tata Motors sales grow 6% in June
Source: IRIS | 01 Jul, 2015, 03.46PM
Rating: NAN / 5 stars.
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Tata Motors reported on Wednesday a growth of 6% in the total commercial and passenger vehicles sales including exports in June 2015 to 40,870 vehicles from 38,574 vehicles sold in June 2014. Domestic sales of Tata commercial and passenger vehicles for June 2015 were at 35,823 nos., growth of 3% over 34,760 vehicles sold in June 2014.

In June 2015, Tata Motors passenger vehicles recorded a year-on-year growth of 30%, with sales of 10,281 units, compared to 7,911 units. The growth trend was driven by the cars segment, specifically the new launches of Zest and Bolt and the new GenX Nano. The sales of the passenger cars in June 2015 were higher by 44% at 8,516 units, compared to 5,933 units, in June 2014. The UV sales declined 11% at 1,765 units, in June 2015.

In the commercial vehicles, M&HCV sales stood at 11,450 units, higher by 18%, over June 2014. The light & small commercial vehicle sales however continued to reflect the industry decline and were at 14,092 units, a decline of 18% over June 2014. These impacted the overall commercial vehicles sales for the company in June 2015 in the domestic market that were at 25,542 units, a decline of 5%, over June 2014.

The company's sales from exports were 5,047 units, in June 2015, higher by 32% compared to 3,814 vehicles in June 2014. The cumulative sales from exports for the fiscal at 13,511 units, were higher by 32%, over 10,227 units, sold last year.

Cumulative sales (including exports) for the company for the fiscal are 116,511 units, higher by 6% over 110,004 vehicles, sold last year. Cumulative sales of all passenger vehicles in the domestic market for the fiscal are 31,649 units, higher by 29% over last year.

Cumulative sales of commercial vehicles in the domestic market for the fiscal were 71,351 units, lower by 5% over last year. Cumulative LCV sales was 38,934 units, a decline of 19% over last year, while M&HCV sales at 32,417 units, were higher by 18%, over last year.

Shares of the company gained Rs 10.95, or 2.52%, to trade at Rs 445.50. The total volume of shares traded was 648,802 at the BSE (3.42 p.m., Wednesday).

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