Tata Motors’ total sales (including exports) of commercial (CV) and passenger vehicles (PV) in October 2014 were 42,819 vehicles, a decline of 8% over 51,638 vehicles sold in October 2013.
The company’s domestic sales of Tata commercial and passenger vehicles for October 2014 were 42,819 units., 17% decline over 51,638 units. sold in October last year. The company’s sales from exports were 4,059 units in October 2014, declined by 14% compared to 4,712 vehicles in October last year.The company’s sales of commercial vehicles in October 2014 in the domestic market were 27,249, 33% decline compared to 40,728 vehicles sold in October last year. M&HCV started to show positive sales trend, however LCV segment is still going down by 48% in October 14.The car sales is disappointing during festive season, Tata Zest and festive season has given some support. It registered 19% declined in September 2014.The car sales is disappointing during festive season, Tata Zest sales has given some support to increase car sales in sedan segment. It registered 19% declined in October 2014.
– Tata Motors has Issued of US$750 million dual-tranche 5.5 and 10-year fixed rate senior notes.
– Tata Motors launched its premium truck range of Tata ULTRA trucks in Sri Lanka to capture niche segment
Ashok Leyland registered 23% growth in October 2014
Ashok Leyland sold 8,375 units in October 2014 as against 6,803 units sold in October 2013, recording a growth of 23%. The sales for M&HCV for the period up by 43% while LCV declined by 6%.From April-October 2014, Ashok Leyland sold 53,694 units in October 2014 as against 51,644 units sold in October 2013, recording a growth of 4%. The sales for M&HCV for the period up by 12% while LCV declined by 12%.
– Ashok Leyland has signed a MoU with Bank of Maharashtra for vehicle financing
– Ashok Leyland awarded an additional order worth USD 17 mn from Sri Lanka
– UK Secretary of State for Business Dr. Vince Cable MP, Innovation & Skills, visited Ashok Leyland’s Head Quarters and later their plant Chennai
VECV registered 2% growth in October 2014:The total sales for Eicher Trucks and Bus for October 2014 were 3,052 units against 3,001 units in October 2013, registering 2% decline of sales. The domestic sales for the month decreased by 5% as 2,637 units were sold against 2,494 units sold during the same month of previous year. Exports for the month were 558 units against 364 units exported during October 2013.
Source: ACG, Tata Motors, Ashok Leyland, VECV