Tata Motors continued to witness strong growth in certain key segments as passenger cars (excluding UV's), M&HCV and Exports grew by 32 percent, 17 percent and 47 percent, respectively, year-on-year.
With the total commercial and passenger vehicles sales (including exports) in May 2015 of 39,496 vehicles, a growth of 5 percent over 37,538 vehicles sold in May 2014. The company's domestic sales of Tata commercial and passenger vehicles for May 2015 were at 34,818, remained flat.
Cumulative sales (including exports) for the company for the fiscal are 75,641, higher by 6 percent over 71,442 vehicles, sold last year.
In May 2015, Tata Motors passenger vehicles recorded an year-on-year growth of 21 percent, with sales of 11,138, compared to 9,230
The growth trend was driven by the cars segment, specifically the new launches of Zest and Bolt and with positive early response to the new GenX Nano. The sales of the passenger cars in May 2015 were higher by 32 percent at 9,176, compared to 6,932, in May 2014. The UV sales declined by 15 percent at 1,962, in May 2015.
Cumulative sales of all passenger vehicles in the domestic market for the fiscal are 21,368, higher by 28 percent over last year.
In the commercial vehicles, M&HCV sales continued to show growth at 10,788, higher by 17 percent, over May 2014. The Light & Small Commercial Vehicle sales however continued to reflect the industry decline and were at 12,892, a decline of 19 percent over May 2014.
These impacted the overall commercial vehicles sales for the company in May 2015 in the domestic market that were at 23,680, a decline of 6 percent, over May 2014.
Cumulative sales of commercial vehicles in the domestic market for the fiscal was 45,809, lower by 2 percent over last year. Cumulative LCV sales was 24,842, a decline of 14 percent over last year, while M&HCV sales at 20,967, were higher by 19 percent, over last year.