Tata Motors has reported a drop of 17% in total sales of commercial and passenger vehicles in October 2014. It sold 42,819 vehicles last month compared with 51,638 vehicles sold in October 2013. Domestic sales of Tata commercial and passenger vehicles for October 2014 were 38,760 units, 17% decline over 46,926 units, sold in October last year.

Cumulative sales (including exports) for the company for the fiscal are 279,489 units, lower by 22% over 356,380 units, sold last year.

''The decline was largely as the market continues to remain challenged by macroeconomic trends: while segments such as M&HCV showed a 30% growth year-on-year, other segments such as the LCV sales continues to remain impacted by stringent financial rates and low consumer sentiment,'' the company said.

The company's sales of commercial vehicles in October 2014 in the domestic market were 27,249 units, a 17% decline compared to 32,793 vehicles sold in October last year. LCV sales were 16,897 units, a decline of 32% over October last year, while M&HCV sales stood at 10,352 units, a growth of 30%, over October last year.

Cumulative sales of commercial vehicles in the domestic market for the fiscal was 182,948 units, lower by 25% over last year. Cumulative LCV sales was 116,142 units, a decline of 34% over last year, while M&HCV sales at 66,806 nos., remained flat.

Sales of the passenger cars in October 2014 were at 9,594 units, lower by 12% over 10,944 sold in October 2013. The sales of utility vehicles were 1,917 units., declined by 40% over 3,189 units, sold in October last year. Sales of all Tata Motors passenger vehicles for October 2014 were at 11,511 units, lower by 19% over 14,133 vehicles sold in October 2013.

Cumulative sales of the passenger cars this fiscal was 52,810 units, lower by 19% over vehicles sold, over last year. The utility vehicles sales stood at 15,356 units, 16% decline over 18,378 units, sold last year. Cumulative sales of all passenger vehicles in the domestic market for the fiscal are 68,166 units, lower by 19% over 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 cumulative sales from exports for the fiscal at 28,375 units, was lower by 5% over 29,747 units, over last year. 

Shares of the company declined Rs 1.6, or 0.3%, to trade at Rs 534.05. The total volume of shares traded was 105,739 at the BSE (10.53 a.m., Monday).