Tata Motors saw strong growth in certain key segments, with IM&HCV growing by 24%, while LCV’s and Exports both growing by 15% year-on-year. The total commercial and passenger vehicles sales (including exports) of 53,057 units in March 2016, grew by 1% over 52,479 vehicles sold in March 2015. The company’s domestic sales of Tata commercial and passenger vehicles for March 2016 were 46,701 nos., a decline of 1% over 47,044 vehicles, sold in March 2015.
Cumulative sales (including exports) for the company for FY 15-16 were 511,711 nos., higher by 2% over 502,281 vehicles, sold last year.
Passenger Vehicles
In March 2015, Tata Motors passenger vehicles recorded sales of 8,454 nos., a decline of 44%, compared to 15,039 nos., sold in March 2015.
Sales of the passenger cars in March 2016 were at 6,876 nos., lower by 47%, over March 2015. UV sales were lower by 23% at 1,578 nos., in March 2015.
Cumulative sales of all passenger vehicles in the domestic market for FY 15-16 were 126,534 nos., lower by 6%, over last year.
Commercial Vehicles
The company’s sales of commercial vehicles in March 2016 in the domestic market were at 38,247 nos., higher by 20%, over March 2015. LCV sales were at 19,709 nos., a growth of 15% over March 2015, while M&HCV sales continued to show growth at 18,538 nos., higher by 24%, over March 2015.
Cumulative sales of commercial vehicles in the domestic market for FY 15-16 was 327,142 nos., higher by 3% over last year. Cumulative LCV sales was 170,181 nos., a decline of 11% over last year, while M&HCV sales were at 156,961 nos., higher by 23%, over last year.
Exports
The company’s sales from exports were 6,356 nos. in March 2016, higher by 17% compared to 5,435 vehicles in March 2015. The cumulative sales from exports for FY15-16 were at 58,035 a growth of 16%, compared to last year.