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Tata Motors reports 7% growth in July sales

Tata Motors Passenger Vehicles Ltd. | Automobiles - Passenger Cars | Automobiles | BSE: 500570 | NSE: TMPV

02 Aug 2016 Evaluate

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 stood at 37,789 units, 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 units, higher by 7% over 156,658 vehicles, sold last year.

In July 2016, Tata Motors passenger vehicles in the domestic market, recorded a sale of 13,547 units, a year-on-year growth of 31%, compared to 10,335 units sold in July 2015. The sales of passenger cars in July 2016 was higher by 43% at 12,209 units, compared to 8,520 units, 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 units, a growth of 8%, compared to 41,823 units, in July 2015.

The overall commercial vehicles sales in July 2016, in the domestic market were at 24,242 units lower by 2%, over July 2015. The sales of Tata Motors Light Commercial Vehicles continued to grow in the domestic market at 13,544 units, an increase of 5% over July 2015. M&HCV sales were at 10,698 units, 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 units, higher by 7% over last year. Cumulative LCV sales were at 56,841 units, an increase of 9% over last year, while M&HCV sales of 45,799 units were higher by 4%, over last year.

Further, the company’s sales from exports stood at 5,371 units, in July 2016, a growth of 6% compared to 5,078 vehicles sold in July 2015. The cumulative sales from exports for the fiscal stood at 19,187 vehicles, higher by 3%, over 18,588 vehicles, sold last year.

Tata MotorsPassenger Share Price

350.00 -1.95 (-0.55%)

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Company Name	CMP
Tata MotorsPassenger	350.00
Maruti Suzuki	13088.95
Mahindra & Mahindra	3040.30
Hyundai Motor India	1787.30
Mercury Metals	33.45
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Tata Motors reports 7% growth in July sales

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