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Tata Motors vehicle sales fall 2% in September
Source: IRIS | 01 Oct, 2015, 04.45PM
Rating: NAN / 5 stars.
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Tata Motors reported a drop of 2.03% in sales volume of passenger and commercial vehicles to 45,215 units in September 2015 compared with 46,154 vehicles sold in September 2014. The domestic sale of Tata commercial and passenger vehicles for September 2015 were flat at 40,813 nos., over 40,908 vehicles sold in September 2014.

In September 2015, Tata Motors passenger vehicles sales fell 1.31% to 11,774 units compared to 11,931 units. The sale of the passenger cars in September 2015 were higher by 5% at 10,226 units, compared to 9,766 units, in September 2014. UV sales declined by 28% at 1,548 units, in September 2015.

In commercial vehicles, M&HCV sales continued to grow at 15,915 units, higher by 52%, over September 2014. The Light & Small Commercial Vehicle sales however continued to reflect industry decline and were at 13,124 units, a decline of 29% over September 2014. These impacted the overall commercial vehicles sales for Tata Motors in the domestic market, that were flat at 29,039 units in September 2015.

The company's sales from exports were 4,402 units in September 2015, lower by 16% compared to 5,246 vehicles in September 2014. The cumulative sales from exports for the fiscal at 28,202 units, were higher by 16%, over 24,316 units, sold last year.

Shares of the company declined Rs 4.3, or 1.44%, to settle at Rs 294.15. The total volume of shares traded was 386,909 at the BSE (Thursday).

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