- LCVs witnessed a growth of 12 percent in January 2016, bucking recent trends
- M&HCVs continued the strong growth with 30 percent in January 2016
- Company’s exports grew by 42 percent in January 2016
Tata Motors continued to witness year-on-year growth in the M&HCV segment in January 2016, with a growth of 30 percent. Total sales of Tata Motors passenger and commercial vehicles (including exports) were at 47,034 vehicles, higher by 10 percent, over 42,595 vehicles sold in January 2015. The domestic sale of Tata commercial and passenger vehicles for January 2016 were at 41,398 units, higher by 7 percent, over 38,634 vehicles sold in January 2015.
Cumulative sales (including exports) for the fiscal at 411,979 units, higher by 2 percent, over 405,581 vehicles sold last year.
Commercial vehicles
In commercial vehicles, while M&HCV sales continued to grow at 14,693 units, higher by 30 percent, over January 2015; the light and small commercial vehicle sales has witnessed growth at 15,977 units, higher by 12 percent over January 2015. The overall commercial vehicles sales for Tata Motors in the domestic market at 30,670 units in January 2016, is an increase of 20 percent, compared to 25,587 units in January 2015. This significant increase has been enabled by LCV growth supplementing the already prevailing MHCV growth. This is the second consecutive month of growth in LCVs, after many months, and if sustained could see return of growth in this segment, albeit on a low base.
Cumulative sales of commercial vehicles in the domestic market for the fiscal are at 258,325 units, lower by 1 percent over last year. Cumulative LCV sales are at 134,774 units, a decline of 15 percent over last year, while M&HCV sales at 123,551 units were higher by 23 percent over last year.
Passenger vehicles
In January 2016, Tata Motors passenger vehicles sales were at 10,728 units, decline of 18 percent, compared to 13,047 units The wholesales of passenger cars in January 2016 were lower by 20 percent at 9,350 units, compared to 11,637 units, in January 2015 and the UV sales declined by 2 percent at 1,378 units, in January 2016.
Cumulative sales of all passenger vehicles in the domestic market for the fiscal are 107,118 units, higher by 2 percent over last year.
Exports
The company’s sales from exports were 5,636 units, in January 2016, higher by 42 percent, compared to 3,961 vehicles in January 2015. The cumulative sales from exports for the fiscal are at 46,536 units, were higher by 15 percent, over 40,587 units sold last year.
