Riding on the gradual growth wave for medium and heavy commercial vehicles, Tata Motors, the largest commercial vehicle maker in the country, has seen its M&HCV sales register good numbers.
02 Nov 2015 | 4915 Views | By Kiran Bajad
Riding on the gradual growth wave for medium and heavy commercial vehicles, Tata Motors, the largest commercial vehicle maker in the country, has seen its M&HCV sales register good numbers. Its M&HCV sales rose 20 % in the month to 12,504 units (October 2014: 10,352). The company’s LCV sales, however, ...
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Riding on the gradual growth wave for medium and heavy commercial vehicles, Tata Motors, the largest commercial vehicle maker in the country, has seen its M&HCV sales register good numbers. Its M&HCV sales rose 20 % in the month to 12,504 units (October 2014: 10,352). The company’s LCV sales, however, remain under pressure and continued to decline, selling 13,615 units (October 2014: 16,897) a de-growth of 19 %.
The positivity in the M&HCV segment over the last 14 months is largely attributed to the replacement demand from fleet operators. While the micro economic indicators remain bleak, the mining and infrastructure sectors seem to gaining some traction. However, the overall manufacturing goods sector remains weak and the LCV segment, which has seen a sharp decline over the past 12-14 months, due to factors like unavailability of finance and over capacity of vehicles is facing the brunt of the poor sales. The consistent slump in the LCV segment has impacted Tata Motors’ overall commercial sales which declined by 4%, selling 26,119 units in the month (October 2014:27,249).
The company's overall sales from exports were 4,569 units in October 2015, up by 13% against to 4,059 units in October 2014.
Also read: Tata Motors sees flat domestic sales in September