Tata Motors vehicle sales at 40,486 - up 11%, Exports up 13%

Tata Motors reported a total sale of 40,486 vehicles (including exports) for the month of April 2007, a growth of 11 % over 36,574 vehicles sold in April last year. Vehicles sales in the domestic market were impacted, in varying degrees between the commercial and passenger vehicles segments, due to the high interest rate regime affecting retails.

Commercial Vehicles
The company’s sales of commercial vehicles in April 2007 in the domestic market were 19,607 nos., compared to 19,674 vehicles sold in April last year. The sales of M&HCV products, which besides market conditions witnessed shortfalls in some critical components, stood at 10,392 nos., a decline of 14% over April 2006. LCV sales were 9,215 nos., growing by 22% over April 2006.

Passenger Vehicles
Tata Motors passenger vehicles business reported a total sale of 16,842 vehicles in the domestic market in April 2007, an increase of 26% over April 2006. The Indica sold 10,870 nos., an increase of 28%. The Indigo family registered sales of 2,632 nos., an increase of 2%. The Sumo and Safari accounted for sales of 3,340 nos, an increase of 49% over April last year. Safari sales at 1474 nos. grew by 269%.

Exports
The company's sales from exports were 4,037 vehicles in April 2007 as compared to 3,572 vehicles in April 2006, an increase of 13% driven mainly by commercial vehicles.

Source : Equity Bulls

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