Tata Motors posts smart growth in cars, M&HCVs and exports in May

Tata Motors has registered strong growth in key segments like passenger cars (excluding UVs), M&HCV and exports which grew by 32%, 17% and 47%, respectively, year-on-year; with the total commercial and passenger vehicles sales (including exports) in May 2015 of 39,496 vehicles, a growth of 5% over 37,538 vehicles sold in May 2014. Overall domestic sales of commercial and passenger vehicles for May 2015 were at 34,818 units flat.

In May 2015, Tata Motors’ passenger vehicles recorded a year-on-year growth of 21%, with sales of 11,138 units compared to 9,230 in May 2014. The growth was driven by the cars segment, specifically the Zest and Bolt and what the company says is a positive early response to the new GenX Nano. Sales of passenger cars in May 2015 were higher by 32% at 9,176 units, compared to 6,932 units in May 2014. UV sales however fell by 15% at 1,962 units in May 2015.  

In the CV segment, M&HCV sales continued to show growth at 10,788 units, higher by 17% over May 2014. LCV sales however continued to reflect the industry decline and were at 12,892 units a decline of 19% over May 2014 sales. These impacted the company’s overall CV sales in May 2015 in the domestic market that at 23,680 units were a decline of 6% over May 2014.

On the export front, sales comprised 4,678 units in May 2015, higher by 47% compared to 3,191 vehicles in May 2014.