Indian automobile major Tata Motors Ltd. closed last month's sales book with five percent growth as compared to sales logged in January 2014.
In a statement issued Monday, the company said its total commercial and passenger vehicles sales (including exports) last month were 42,582 vehicles, up from 40,481 vehicles sold in January 2014.
The company's domestic sales of Tata commercial and passenger vehicles last month were 38,621 units, a growth of 5 percent over 36,657 units sold in January 2014.
According to Tata Motors, while the market continues to remain challenged by macro-economic trends, besides positive growth in segments such as medium and heavy commercial vehicles (M&HCV) and passenger cars, exports have grown in last month by four percent over last year.
In the passenger vehicle segment, Tata Motors logged 19 percent growth at 13,047 units last month as compared to 10,974 units sold in January 2014.
Cumulative sales of all passenger vehicles in the domestic market for the fiscal are 105,274 units, lower by eight over last year.
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Cumulative sales of commercial vehicles in the domestic market for the fiscal was 259,716 units, lower by 19 percent over last year.