Tata Motors April sales zoom 7%
Tata Motors on Saturday reported 7 per cent rise in total sales at 36,205 vehicles in April compared with 33,962 units in the same period last year. Domestic sales of Tata Motors’ commercial and passenger vehicles grew by 5 per cent at 32,419 units against 30,740 units in April 2014, Tata Motors said in a BSE filing.
Sales of passenger vehicles in the domestic market in April stood at 10,230 units, up 37 per cent from 7,441 units in April 2014. In the commercial vehicles segment, domestic sales were 22,189 units during the month down 5 per cent from year-ago period, it added. Exports during the month stood at 3,786 units, up 18 per cent against 3,222 units in the year-ago month.
Meanwhile, TVS Motor Company on Saturday reported 14 a per cent increase in total sales at 1,95,937 units in April. The Chennai-based company had sold 1,71,897 units in the same month last year.
Total two-wheeler sales for the month grew by 13 per cent to 1,86,041 units as against 1,65,194 units in April 2014, TVS Motor Company said in a statement. Motorcycle sales increased by 13 per cent to 74,953 units last month compared with 66,460 units in the corresponding month a year earlier. Scooter sales grew by 15 per cent to 49,375 units in April against 42,942 units in the corresponding month last year.
US multinational corporation (MNC) Ford’s India subsidiary on Saturday reported a 6.9 per cent increase in its total sales at 14,215 units in April. It had sold 13,297 units in April 2014. Ford India’s domestic sales were at 4,931 units last month, down 25.86 per cent from 6,651 units a year ago, the company said in a statement.
It said that exports during the month stood at 9,284 units as compared to 6,646 units in April 2014, up 39.69 per cent.
Commenting on the sales performance, Ford India Executive Director Marketing, Sales and Service Anurag Mehrotra said, “The current economic environment is still a mixed bag with inflation easing but weak monsoon, coupled with high interest rates, can potentially put pressure on vehicle sales in the coming months.”