Tata Motors marked a year-on-year growth in the M&HCV segment in February 2016, it witnessed a growth of 22 per cent YOY. Its passenger and commercial vehicles (including exports) recorded a sale of 46,674 vehicles, higher by 6 per cent, over 44,233 vehicles, sold in February 2015. The domestic sale of Tata commercial and passenger vehicles for February 2016 were at 41,532 nos. higher by 3 per cent over 40,322 vehicles sold in February 2015.
The growth in the commercial vehicle segment was mainly due to the growth in LCV’s, this growth has helped in the already developed and prevailing growth of HCV’s. While M&HCV sales continued to grow at 14,872 nos., higher by 22 per cent, over February 2015, the Light & Small Commercial Vehicle sales has witnessed growth at 15,698 nos., higher by 10 per cent over February 2015. The overall commercial vehicles sales for Tata Motors in the domestic market was at 30,570 nos., in February 2016, this is an increase of 15 per cent, compared to 26,555 nos., in February 2015.
Cumulative sales of commercial vehicles in the domestic market for the fiscal are at 288,895 nos., higher by 1 per cent over last year. Cumulative LCV sales are at 150,472 nos., a decline of 13 per cent over last year, while M&HCV sales at 138,423 nos., were higher by 23 per cent, over last year.
In contrast to the commercial vehicles segment, passenger vehicles saw a drop in numbers for Tata Motors. In February 2016, passenger vehicles sales were at 10,962 nos., a decline of 20 per cent, compared to 13,767 nos. The wholesales of passenger cars in February 2016 were lower by 21 per cent at 9,284 nos., compared to 11,805 nos., in February2015 and the UV sales declined by 14 per cent at 1,678 nos., in February 2016.
Cumulative sales of all passenger vehicles in the domestic market for the fiscal are 118,080 nos., lower by 1 per cent over last year.
Cumulative sales (including exports) for the fiscal is at 458,654 nos., higher by 2 per cent over 449,814 vehicles, sold last year.
The company's sales from exports were 5,142 nos., in February 2016, higher by 31 per cent compared to 3,911 vehicles in February 2015. The cumulative sales from exports for the fiscal are at 51,679 nos., were higher by 16 per cent, over 44,498 nos., sold last year.