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Tata Motors registers 31% YOY growth in passenger cars

Tata Motors, Financial Results

Tata Motors saw strong growth in certain key segments, as passenger cars (excluding UV’s) and M&HCV grew by 31% and 34%, respectively, year-on-year; with the total commercial and passenger vehicles sales (including exports) in February 2015 of 44,225 vehicles, a growth of 11% over 39,951 vehicles sold in February 2014. The company’s domestic sales of Tata commercial and passenger vehicles for February 2015 were 40,314 nos., a growth of 14% over 35,315 vehicles, sold in February 2014.

Cumulative sales (including exports) for the company for the fiscal are 449,802 nos., lower by 13% over 515,511 vehicles, sold last year.

Passenger Vehicles

In February 2015, Tata Motors passenger vehicles recorded sales of 13,767 nos., a growth of 22% compared to 11,325 nos., sold in February 2014.

The trend of growth in passenger vehicles continued - with the strong Zest sales and the good response to the all-new Bolt. While the sales of the passenger cars in February 2015 were at 11,805 nos., higher by 31%, over February 2014, the UV sales declined by 15% at 1,962 nos., in February 2015.

Cumulative sales of all passenger vehicles in the domestic market for the fiscal are 119,041 nos., lower by 5% over last year.

Commercial Vehicles

The company’s sales of commercial vehicles in February 2015 in the domestic market at 26,547 nos., higher by 11%, over February 2014. LCV sales were at 14,357 nos., a decline of 4% over February 2014, while M&HCV sales continued to show growth at 12,190 nos., higher by 34%, over February 2014.

Cumulative sales of commercial vehicles in the domestic market for the fiscal was 286,263 nos., lower by 17% over last year. Cumulative LCV sales was 174,083 nos., a decline of 30% over last year, while M&HCV sales at 112,180 nos., were higher by 15%, over last year.

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