Business Daily from THE HINDU group of publications Tuesday, Aug 04, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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HCV/LCV/Tractors Corporate - Performance
Our Bureau Mumbai, Aug. 3 July was a good month for Tata Motors from the viewpoint of passenger car and commercial vehicles sales. It was also memorable, since it kicked off the debut sales figures of the Nano. Tata Motors despatched 2,475 Nanos during the month, and it will be interesting to see how the rest of the fiscal pans out in terms of total numbers. The Chairman, Mr Ratan Tata, had already indicated in the 2008-09 annual report that 60,000 cars will be readied by July 2010. In other words, monthly production of the Nano will be 5,000 units beginning August. The car is being assembled at an interim plant in Pantnagar before the integrated facility in Sanand (Gujarat), with an annual capacity of 250,000 cars, will be ready early next calendar. Tata Motors’ passenger car sales in July showed 17 per cent growth (from the corresponding period last year) at 17,191 units, but were up by only 152 units from the preceding month. While the Indica range grew 14 per cent to 8,563 units, the mid-size Indigo fell 22 per cent to 3,499 units. Sales of utility vehicles were flat at 2,638 units. Incidentally, the joint venture with Fiat Auto, Fiat India Automobiles, showed a six-fold jump in sales at 2,690 units, thanks to the recently launched Grande Punto hatchback and the mid-size Linea which have caught the fancy of the market. Cars from this joint venture will see nearly 130,000 Tata and Fiat cars roll out in 2010-11. Tata Motors’ medium and heavy commercial vehicle segment, which has been languishing since November 2008, is now showing signs of revival with a 27 per cent growth to 28,408 units. Of this, LCV (light commercial vehicle) sales grew 44 per cent to 17,750 units, while M/HCVs (medium and heavy commercial vehicles) were up six per cent to 10,658 units, the highest since September 2008. Tata Motors Q1 net rises 58% Nano gets over 2 lakh bookings Tata Motors aims to sell 4,000 World Trucks this fiscal More Stories on : HCV/LCV/Tractors | Performance | Tata Motors Ltd
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