Tata Motors vehicle sales at 44,317 for June 2007, Year-on-Year and Month-on-Month sales flat

Tata Motors reported a total sale of 44,317 vehicles (including exports) for the month of June 2007, a decline of 2% over vehicles sold in June last year. Cumulative sales for the company at 1,27,361 nos. are growing by 1%. The domestic market continues to be sluggish, due to the high interest rate regime severely affecting retails.

Commercial Vehicles

The company’s sales of commercial vehicles in June 2007 in the domestic market were 21,417 nos., a decline of 0.7% over 21,565 vehicles sold in June last year. M&HCV sales stood at 11,763 nos, a decline of 0.4% over June 2006, while LCV sales were 9,654 nos., a decline of 1% over June 2006.

Cumulative sales of commercial vehicles in the domestic market for the fiscal were 61,699 nos., a decline of 2.3% over last year. Cumulative M&HCV sales stood at 32,655 nos., a decline of 10.8% over last year, while LCV sales for the fiscal were 29,044 nos., an increase of 9.5% over last year.

Passenger Vehicles

The passenger vehicle business reported total sales of 17,418 vehicles in the domestic market in June 2007, a decline of 5.7% over June 2006. The Indica reported sales of 11,727 nos., a decline of 4.4% over June 2006. The Indigo family registered sales of 2,354 nos., a decline of 18.4% over June 2006. The Sumo and Safari accounted for sales of 3,337 nos., an increase of 0.9% over June 2006.

Cumulative sales of passenger vehicles in the domestic market for the fiscal were 51,840 nos., an increase of 3.9% over the previous year. Cumulative sales of the Indica were at 34,599 nos., an increase of 4.3%. Cumulative sales of the Indigo family were at 7,201 nos., a decline of 13.4%. Cumulative sales of Sumo and Safari were 10,040 nos., an increase of 19.3%.

Exports

The company's sales from exports at 5,482 vehicles in June 2007 grew by 5.5% as compared to 5,195 vehicles in June 2006. The cumulative sales from exports in the current period at 13,822 nos. have recorded a 5.5 % growth over the previous year.

Source : Equity Bulls

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