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Tata Motors' sales up 1% to 43,486 units in October
Source: IRIS | 02 Nov, 2015, 10.34AM
Rating: NAN / 5 stars.
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Tata Motors continued to witness strong year-on-year growth in certain key segments in October 2015, with passenger cars (excluding UV's), M&HCV and Exports, growing by 15%, 20% and 13%, respectively. Total sale of Tata Motors passenger and commercial vehicles (including exports) were at 43,486 vehicles, higher by 1%, over 42,862 vehicles, sold in October 2014.

The domestic sale of Tata commercial and passenger vehicles for October 2015 were at 38,917 units, remained flat, over vehicles sold in October 2014.

In October 2015, Tata Motors passenger vehicles recorded a year-on-year growth of 11%, with sales of 12,798 units, compared to 11,511 units.

The growth trend was driven by the cars segment, specifically the new launches. The sale of the passenger cars in October 2015 were higher by 15% at 11,049 units, compared to 9,594 units, in October 2014. UV sales declined by 9% at 1,749 units, in October 2015.

In commercial vehicles, M&HCV sales continued to grow at 12,504 units, higher by 20%, over October 2014. The Light & Small Commercial Vehicle sales however continued to reflect industry decline and were at 13,615 units, a decline of 19% over October 2014. These impacted the overall commercial vehicles sales for Tata Motors in the domestic market that were at 26,119 units. in October 2015, a decline of 4% over October 2014.

The company's sales from exports were 4,569 units, in October 2015, higher by 13% compared to 4,059 vehicles in October 2014.

Shares of the company gained Rs 5.25, or 1.37%, to trade at Rs 389.70. The total volume of shares traded was 102,041 at the BSE (10.31 a.m., Monday).

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