Tata Motors saw strong growth in certain key segments, as passenger cars (excluding UV's), M&HCV and Exports grew by 33%, 20% and 5%, respectively, year-on-year; with the total commercial and passenger vehicles sales (including exports) in March 2015 of 52,479 vehicles, a growth of 3% over 51,184 vehicles sold in March 2014. The company's domestic sales of Tata commercial and passenger vehicles for March 2015 were 47,044 units, a growth of 2% over 45,996 vehicles, sold in March 2014.
Cumulative sales (including exports) for the company for FY 14-15 were 502,281 units, lower by 11% over 566,695 vehicles, sold last year. In March 2015, Tata Motors passenger vehicles recorded sales of 15,039 units, a growth of 19%, compared to 12,640 units, sold in March 2014.
The trend of growth in passenger vehicles continued - with the strong Zest and Bolt sales. While the sales of the passenger cars in March 2015 was 12,977 units, higher by 33%, over March 2014, the UV sales declined by 28% at 2,062 units in March 2015.
Cumulative sales of all passenger vehicles in the domestic market for FY 14-15 were 134,080 units, lower by 3%, over last year.
Shares of the company gained Rs 14.6, or 2.65%, to settle at Rs 564.55. The total volume of shares traded was 465,374 at the BSE (Wednesday).