Tata Motors reports 11% growth in February sales

Tata Motors Ltd. | Automobiles-Trucks/Lcv | Automobiles | BSE: 500570 | NSE: TATAMOTORS

02 Mar 2015 Evaluate

Tata Motors’ total sales including exports of Tata commercial and passenger vehicles in February 2015 were 44,225 units, a growth of 11% over 39,951 units, sold in February 2014. The company’s domestic sales of Tata commercial and passenger vehicles for February 2015 were 40,314 units, a growth of 14% over 35,315 units, sold in February 2014. Cumulative sales (including exports) for the company for the fiscal are 449,802 units, lower by 13% over 515,511 units, sold last year.

In February 2015, Tata Motors passenger vehicles recorded sales of 13,767 units, a growth of 22%, compared to 11,325 units, sold in February 2014. The trend of growth in passenger vehicles continued - with the strong Zest sales and the good response to the all-new Bolt. While the sales of the passenger cars in February 2015 were at 11,805 units, higher by 31%, over February 2014, the UV sales declined by 15% at 1,962 units, in February 2015.

The company’s sales of commercial vehicles in February 2015 in the domestic market stood at 26,547 units, higher by 11% over February 2014. LCV sales were at 14,357 units, a decline of 4% over February 2014, while M&HCV sales continued to show growth at 12,190 units, higher by 34%, over February 2014.

The company’s sales from exports were 3,911 units, in February 2015, lower by 16% compared to 4,636 units in February 2014. The cumulative sales from exports for the fiscal at 44,498 units, remained flat, compared to last year.