Tata Motors Limited’s TTM global wholesales, inclusive of the Jaguar Land Rover, totaled 74,639 vehicles in Aug 2015, up 2% year over year. Cumulative global wholesales for Apr through Aug 2015 were 381,656 vehicles, in line with the year-ago figure.
Global wholesales of all Tata Motors’ commercial vehicles and the Tata Daewoo range were 29,683 vehicles in Aug 2015, 3% lower than the figure recorded in Aug 2014. However, cumulative commercial vehicles sales from April through August were unchanged year over year, at 146,723 vehicles.
Global wholesales of all passenger vehicles in the month of August rose 5% to 44,956 units, while cumulative sales from April through August remained flat, at 234,933 units. Tata Motors’ passenger vehicles wholesales went up 5% to 11,853 units in Aug 2015. Cumulative wholesales for the April–August period surged 18% to 54,810 units.
Jaguar Land Rover recorded global sales of 33,103 vehicles in Aug 2015. Cumulative wholesales for the April–August period stood at 180,123 vehicles. Jaguar wholesales were 6,594 vehicles in August and 34,678 units for April–August. Land Rover sales totaled 26,509 vehicles for last month and 145,445 units for April through August.
Tata Motors is one of the leading automotive manufacturers in India. The company also has operations in the U.K., South Korea, Thailand, South Africa and Indonesia.
Currently, Tata Motors sports a Zacks Rank #4 (Sell). Better-ranked automobile stocks include Toyota Motor Corporation TM, Daimler AG DDAIF and Fuji Heavy Industries Ltd. FUJHY. All these stocks sport a Zacks Rank #1 (Strong Buy).
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