Tata Motors June 2015 Quarterly Sales Report

Consolidated Financial Results for the Quarter ended June 30, 2015

Tata Motors this quarter reported consolidated revenues (net of excise) of Rs.61,020 crores, as against Rs.64,683 crores for the corresponding quarter of the previous year, due to lower sales and weaker geographic mix at Jaguar Land Rover (JLR), partially offset by strong revenue growth in standalone business on the back of continued M&HCV growth.

Tata Motors Stand-alone Financial Results for the Quarter ended June 30, 2015

While Tata celebrated the tenth anniversary of Tata Ace, the vehicle that had created a new Small Commercial Vehicle (SCV) category when launched, a 20.7% year on year growth was mainly seen in the high tonnage segment due to the high Fleet replacement demand. The domestic LCV segments (mainly the SCV) continued to remain weak, witnessing losses of 19.0% Y-o-Y, due to the tough financing environment and lack of last mile load availability.

Another area where upward mobility was seen was for the Export of the commercial vehicles, with a growth rate of 38.0% Y-o-Y in the quarter. The Quarter also witnessed new launches in the Prima LX, Ultra range and SCV range as well as other product enhancements which is projected to provide a strong foundation for future growth

It was the Passenger vehicles, ZEST, BOLT and newly launched GenX Nano, that supported the largest sales growth in the quarter. The domestic passenger vehicles segment of the Company grew 27.4% Y-o-Y in the quarter with car segment growth of 42.2% Y-o-Y in the quarter. The company is expected to continue its volume growth through other new and exciting products that will be launched in the coming time period under its Horizonext strategy.

The sales (including exports) of commercial and passenger vehicles for the quarter, stood at 1,17,439 units, a growth of 6.2% as compared to the corresponding quarter of the previous year. 

Tata Daewoo - (figures as per Korean GAAP)

Tata Daewoo Commercial Vehicles Co. Ltd. registered net revenues of KRW 193 billion and recorded a Net profit of KRW 12 billion for the quarter ended June 30, 2015, as compared to KRW 222 billion and KRW 4 billion, respectively, in the corresponding quarter last year.

Tata Motors Finance

Tata Motors Finance Ltd, the Company's captive financing subsidiary, on a consolidated basis, registered net revenue from operations of Rs.890 crores and reported a Profit after tax of Rs.91 crores for the quarter ended June 30, 2015.