Key Highlights:
- Posted a 43% sales growth in passenger cars over last year, led by strong demand for the recently launched Tiago
- LCV sales continued to grow at 5% in July 2016
Tata Motors passenger and commercial vehicle sales (including exports) in July 2016 were at 43,160 vehicles, a growth of 7%, over 40,154 vehicles sold in July 2015. The company’s domestic sales of Tata commercial and passenger vehicles for July 2016 was at 37,789 nos., a growth of 8%, over July 2015. The Company continued to witness year-on-year growth in certain key segments in July 2016, with the company’s LCV sales growing by 5% and its passenger cars growing by 43%.
Cumulative sales (including exports) of the company for the fiscal was at 166,889 nos., higher by 7% over 156,658 vehicles, sold last year.
Passenger Vehicles
In July 2016, Tata Motors passenger vehicles in the domestic market, recorded a sale of 13,547 nos., a year-on-year growth of 31%, compared to 10,335 nos. sold in July 2015.
Sales of passenger cars in July 2016 was higher by 43% at 12,209 nos., compared to 8,520 nos., in July 2015, due to strong demand for the recently launched Tiago. Cumulative sales growth of all passenger vehicles in the domestic market, were 45,062 nos., a growth of 8%, compared to 41,823 nos., in July 2015.
Commercial Vehicles
The overall commercial vehicles sales in July 2016, in the domestic market were at 24,242 nos., lower by 2%, over July 2015. The sales of Tata Motors Light Commercial Vehicles, continued to grow in the domestic market at 13,544 nos., an increase of 5% over July 2015.
M&HCV sales were at 10,698 nos., lower by 9%, over July 2015. The segment saw subdued demand due to lower freight rates, heavier than usual monsoon in some of the states and some slowdown in the replacement market.
Cumulative sales of commercial vehicles in the domestic market for the fiscal were at 102,640 nos., higher by 7% over last year. Cumulative LCV sales were at 56,841 nos., an increase of 9% over last year, while M&HCV sales of 45,799 nos., were higher by 4%, over last year.
Exports
The company’s sales from exports was at 5,371 nos., in July 2016, a growth of 6% compared to 5,078 vehicles sold in July 2015. The cumulative sales from exports for the fiscal was at 19,187 nos., higher by 3%, over 18,588 nos., sold last year.a
