• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• BL Club
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mumbai, Nov. 3 Auto majors Tata Motors and Mahindra & Mahindra have shown decline in sales in October.

Tata Motors, which makes cars, utility vehicles and commercial vehicles, has reported a 20 per cent decline to 39,729 units in October against the sales figures for the same month last year. Mahindra & Mahindra’s sales dropped 19 per cent to 20,282 last month when compared to the unit sales during the year-ago period.

Non-availability of finance and high interest rates are forcing customers to postpone purchases, said Tata Motors in a statement here. Among the various segments, commercial vehicle sales of the company declined 29 per cent in the domestic market at 19,154 units.

Medium and heavy commercial vehicles sales stood at 7,321 units, a decline of 48 per cent over October 2007, while LCV sales were 11,833 units, a decline of 10 per cent over October 2007.

Passenger vehicles of Tata Motors, that includes Indica and Indigo range of cars and utility vehicles under Sumo and Safari brands, clocked 17,014 units, showing a decline of six per cent.

Mahindra’s utility vehicle sales fell 17 per cent to 13,935 in October against the same period last month. The sales of passenger car ‘Logan’ from the Mahindra-Renault joint venture fell 52 per cent to 1,067 units in October. The three-wheeler sales of Mahindra went up 12 per cent to 4,282.

Both Tata Motors and Mahindra & Mahindra showed decline in exports too. Tata Motors, which mainly exports trucks, showed a decline of 16 per cent at 3,561 units (4,230) while Mahindra’s exports dropped 65 per cent at 383.

More Stories on : HCV/LCV/Tractors | Trends | Tata Motors Ltd | Mahindra & Mahindra Ltd

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line