Key highlights:
- LCVs witnessed a growth of 11 percent in December 2015, bucking recent trends
- M&HCVs continued to grow by 2 percent in December 2015
- Company’s exports grew by 15 percent in December 2015
Tata Motors continued to witness year-on-year growth in the M&HCV segment in December 2015, with a growth of 2 percent. Total sale of Tata Motors passenger and commercial vehicles (including exports) were at 39,973 vehicles, lower by 4 percent, over 41,734 vehicles sold in December 2014. The domestic sale of Tata commercial and passenger vehicles for December 2015 were at 35,416 units lower by 6 percent over 37,776 vehicles sold in December 2014.
Cumulative sales (including exports) for the fiscal at 364,946 units, higher by 1 percent over 362,986 vehicles, sold last year.
Commercial vehicles
In commercial vehicles, while M&HCV sales continued to grow at 12,673 units, higher by 2 percent, over December 2014; the light and small commercial vehicle sales has witnessed growth at 14,674 units, higher by 11 percent over December 2014, thus increasing the overall commercial vehicles sales for Tata Motors in the domestic market by 6 percent, at 27,347 units in December 2015 compared to 25,736 vehicles in December 2014. LCV growth has come 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 227,655 units, lower by 3 percent over last year. Cumulative LCV sales are at 118,797 units, a decline of 18 percent over last year; while M&HCV sales at 108,858 units were higher by 22 percent, over last year.
Passenger vehicles
In December 2015, Tata Motors passenger vehicles sales were at 8,069 units, decline of 33 percent, compared to 12,040 units The wholesales of passenger cars in December 2015 were lower by 31 percent at 6,900 units, compared to 9,956 units in December 2014 and the UV sales declined by 44 percent at 1,169 units in December 2015.
Last year, in the anticipation of increase in excise, effective January 1, 2015, the sales in December 2014 increased unusually. Hence, this year the sales have been impacted due to a high base effect.
Cumulative sales of all passenger vehicles in the domestic market for the fiscal are 96,390 units, higher by 5 percent over last year.
Exports
The company’s sales from exports were 4,557 units in December 2015, higher by 15 percent compared to 3,958 vehicles in December 2014. The cumulative sales from exports for the fiscal are at 40,901 units, were higher by 12 percent, over 36,626 units sold last year.
