However, LCV segments (mainly the SCV) continued to remain weak. As a result, the overall CV sales were almost flat in Q4 FY2014-15. New launches in the Prima LX and Ultra range as well as other product enhancements provide a strong foundation for the future growth.

In passenger vehicles, Zest and the newly launched Bolt, continued to receive an encouraging response from the customers. These led to the passenger vehicles segment of the company showing a growth of 19.1 percent Y-o-Y in Q4 FY2014-15 with car segment growth of 33.0 percent Y-o-Y in Q4 FY2014-15.

Company expects to continue its volume growth with full year of Zest and Bolt, recently launched new GenX Nano and other new and exciting products that will be launched in the coming time period under the company's Horizonext strategy.

The sales (including exports) of commercial and passenger vehicles for the quarter ended March 31, 2015, stood at 1,39,053 units, up by 5.1 percent, as compared to the corresponding quarter last year. The revenues (net of excise) for the quarter ended March 31, 2015 stood at Rs10,784 crore, an increase of 26.2 percent, as compared to Rs8,545 crore for the corresponding quarter last year.

EBITDA for the quarter stood at Rs 299 crore, with a margin of 2.8 percent against the negative EBITDA of Rs528 crore and negative margin of 6.2 percent for the corresponding quarter last year. Loss before and after tax for the quarter ended March 31, 2015 was Rs1,156 crore and Rs1,164 crore, respectively, against Rs 1,417 crore and Rs817 crore, respectively, for the corresponding quarter last year.

The revenues (net of excise) for the year ended March 31, 2015, stood at Rs36,295 crore, as compared to Rs34,288 crore in the corresponding period last year, an increase of 5.9 percent.

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