Tata Motors Passenger Vehicles Ltd.

Tata Motors' total sales (including exports) of Tata commercial and passenger vehicles in October 2014 were 42,819 vehicles, a decline of 17% over 51,638 vehicles sold in October 2013. The company's domestic sales of Tata commercial and passenger vehicles for October 2014 were 38,760 units, 17% decline over 46,926 units, sold in October last year. The decline was largely as the market continues to remain challenged by macroeconomic trends: while segments such as M&HCV showed a 30% growth year-on-year, other segments such as the LCV sales continues to remain impacted by stringent financial rates and low consumer sentiment.

Furthermore, the company’s sales of the passenger cars in October 2014 were at 9,594 units, lower by 12% over 10,944 sold in October 2013. The sales of utility vehicles were 1,917 units, declined by 40% over 3,189 units, sold in October last year. Sales of all Tata Motors passenger vehicles for October 2014 were at 11,511 units, lower by 19% over 14,133 vehicles sold in October 2013

The company's sales of commercial vehicles in October 2014 in the domestic market were 27,249 units, a 17% decline compared to 32,793 vehicles sold in October last year. LCV sales were 16,897 units, a decline of 32% over October last year, while M&HCV sales stood at 10,352 units, a growth of 30%, over October last year.

Meanwhile, the company's sales from exports were 4,059 units in October 2014, declined by 14% compared to 4,712 vehicles in October last year. The cumulative sales from exports for the fiscal at 28,375 units, was lower by 5% over 29,747 units, over last year.