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Tata Motors reports 23 per cent fall in sale of passenger vehicles in domestic market

Tata Motors reported a year-on-year decline of 23 per cent in sales of passenger vehicles in domestic market in May, when sold 8,617 units, as against 11,138 units a year earlier.

While sales of passenger cars was lower by 15% at 7,787 units in May, hatchback sales grew by 7% at 5,643 units due to strong demand for the recently launched Tiago. UV sales declined by 58% to 830 units. Cumulative sales of all passenger vehicles in the domestic market for the fiscal was lower by 11 per cent at 19,112 units.

But the company continued to witness strong year-on-year growth in certain key segments, with M&HCV and LCV sales, in domestic market, growing by 23% and 6% respectively.

The company’s total commercial and passenger vehicles sales (including exports) in May 2016 were at 40,071 vehicles, a growth of 1% over 39,496 vehicles sold in May 2015. The company’s domestic sales of Tata commercial and passenger vehicles for May 2016 was at 35,643 units, a growth of 2%, over May 2015.

Cumulative sales (including exports) for the company for the fiscal was at 79,453 units, higher by 5%.

M&HCV sales in the domestic market continued to show growth at 13,312 units, higher by 23%, over May 2015. Light Commercial Vehicle sales also continued to grow at 13,714 units, an increase of 6% over May 2015. The overall commercial vehicles sales grew by 14 per cent at 27,026 units.