Tata Motors, Mahindra report weak sales in May 2014
Tata Motors sales fell 24% during the month of May 2014. The company sold a total of 37,525 units during May 2014 as against 49,304 units in May 2013. This dip in demand was noted both where domestic passenger and where commercial vehicle sales were concerned, falling 24% to 34,334 units in May 2014 as compared to 45,430 units sold in May 2013.
Taking sales of passenger vehicles into account, the company sold 9,230 units in May 2014, down 17% as compared to 11,134 units sold in May 2013. These included 6,932 units of Nano, Indica and Indigo models and 2,298 units of Sumo, Safari, Aria and Venture SUVs. Sales of commercial vehicles came down from 34,269 units sold in May 2013 to 25,104 units sold in May 2014, a dip of 27%.
A similar case of sales decline was reported by Mahindra & Mahindra whose total sales dipped by 12.86% during the month of May 2014. The company experienced total sales to the tune of 37,869 units as against 43,460 units sold in May 2013. Domestic sales dipped from 42,104 units in May 2013 to just 35,499 units in May 2014. Commercial vehicle sales saw a 13.55% decline from 14,848 units in May 2013 to 12,836 units in May 2014 while exports were more positive with a 74.77% increase from 1,356 units exported in May 2013 to 2,370 units exported in May 2014.
Commenting on the monthly performance, Pravin Shah, Chief Executive, Automotive Division, Mahindra & Mahindra Ltd. said, “Auto sales continue to remain subdued for many players, at the back of yet another challenging month for the industry. Post the electoral mandate, we expect to see improved sentiments resulting in a better economic situation which we hope will lead to a gradual increase in demand. We are happy to have achieved a growth of 75% in our export volumes during May”.
Tata Motors May sales at 37,525 nos.
Tata Motors’ total sales (including exports) of Tata commercial and passenger vehicles in May 2014 were 37,525 vehicles, a decline of 24% over 49,304 vehicles sold in May 2013. The company’s domestic sales of Tata commercial and passenger vehicles for May 2014 were 34,334 nos., 24% decline over 45,430 nos. sold in May last year.
Cumulative sales (including exports) for the company for the fiscal are 71,417 nos., lower by 29% over 100,483 nos., sold last year.
The company’s sales of commercial vehicles in May 2014 in the domestic market were 25,104 nos., a 27% decline compared to 34,296 vehicles sold in May last year. LCV sales were 15,991 nos., a decline of 34% over May last year, while M&HCV sales stood at 9,113 nos., a decline of 10% over May last year.
umulative sales of commercial vehicles in the domestic market for the fiscal was 48,333 nos., lower by 31% over last year. Cumulative LCV sales was 30,795 nos., a decline of 39% over last year, while M&HCV sales stood at 17,538 nos., lower by 13% over last year.
Sales of passenger vehicles for May 2014 were at 9,230 nos., lower by 17% over 11,134 vehicles sold in May 2013. Sales of the Nano/ Indica/ Indigo range in May 2014 were 6,932 nos., lower by 22% over 8,927 vehicles sold in May 2013. The Sumo/ Safari/ Aria/ Venture range sales were 2,298 nos., a growth of 4% over 2,207 nos., sold in May last year.
Cumulative sales of passenger vehicles in the domestic market for the fiscal are 16,671 nos., lower by 27% over last year. Cumulative sales of the Nano/ Indica/ Indigo range this fiscal was 12,585 nos., lower by 29% over 17,845 vehicles sold, over last year. The Sumo/ Safari/ Aria/ Venture range sales stood at 4,086 nos., 16% decline over 4,859 nos., sold last year.
The company’s sales from exports were 3,191 nos. in May 2014, registered a decline of 18% compared to 3,874 vehicles in May last year. The cumulative sales from exports for the fiscal at 6,413 nos., was lower by 14% over 7,439 nos., over last year.
About Tata Motors
Tata Motors Limited is India’s largest automobile company, with consolidated revenues of INR 2,32,834 crores (USD 38.9 billion) in 2013-14. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands. It also has an industrial joint venture with Fiat in India. With over 8 million Tata vehicles plying in India, Tata Motors is the country’s market leader in commercial vehicles and among the top in passenger vehicles. It is also the world’s fifth largest truck manufacturer and fourth largest bus manufacturer. Tata cars, buses and trucks are being marketed in several countries in Europe, Africa, the Middle East, South Asia, South East Asia, Sou merica, CIS and Russia.
Mahindra’s Auto Sector sells 37,869 units during May 2014
Mumbai, June 1, 2014: Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, today announced its auto sales numbers which stood at 37,869 units during May 2014.
The Passenger Vehicles segment (which includes UVs and the Verito) sold 18,085 units in May 2014, as against 22,244 units during May 2013. The company’s domestic sales stood at 35,499 units during May 2014, as against 42,104 units during May 2013. The 4-wheelers commercial segment has sold 12,836 units, while the 3-wheelers segment clocked 3,732 units in May 2014. Exports for the month stood at 2,370 units which represents a growth of 75%.
Sales Summary May 2014
|Segment||May F15||May F14||YTD May
|MOM May F15 Vs
May F14 growth%
|YTD May F15 Vs
May F14 growth%
|Passenger Vehicles (UVs & Verito)||18085||22244||36233||42992||-19%||-16%|
|4-wheelers Commercial (Passenger & Load)*||12836||14848||24513||29262||-14%||-16%|
*Includes Maxximo, Gio, Genio & Bolero Pick up
The Mahindra Group focuses on enabling people to rise through solutions that power mobility, drive rural prosperity, enhance urban lifestyles and increase business efficiency.
A USD 16.5 billion multinational group based in Mumbai, India, Mahindra employs more than 180,000 people in over 100 countries. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology and vacation ownership. In addition, Mahindra enjoys a strong presence in the agribusiness, aerospace, components, consulting services, defence, energy, financial services, industrial equipment, logistics, real estate, retail, steel, commercial vehicles and two wheeler industries.
In 2012, Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful listed companies in the world. In 2013, the Mahindra Group received the Financial Times ‘Boldness in Business’ Award in the ‘Emerging Markets’ category.