Tata Motors June sales down 18% at 52,708 units
Tata Motors' commercial vehicle sales fell 10 percent year-on-year and passenger vehicle sales plunged 31.5 percent in June.
July 02, 2013 / 09:59 IST
Moneycontrol Bureau
Tata Motors' total sales in June declined 18 percent year-on-year to 52,708 units, amid continued sluggish demand for trucks and passenger cars.The company sold 36,908 commercial vehicles in the domestic market, down 10 percent from a year ago. While LCV sales were down 9 percent to 25,778 units, M&HCV sales declined 12 percent to 11,130 units.Don't Miss: Nissan shows first sketch of upcoming Datsun carIts passenger vehicle sales last month slumped 31.5 percent to 11,804 units. Tata Motors' sales of passenger cars have declined much faster than the rest of the industry, mainly due to lack of any new launches in the last 2-3 years. It upgraded 8 new products last month and the company has said it is developing brand new products, the first of which will be launched in 2015.It sold 9,628 passenger cars (Nano, Indica and Indigo range) and 2,176 utility vehicles (Sumo, Safari, Aria and Venture) in June.Tata Motors exported 3,996 units in June, down 34 percent.Over April-June, the company's sales are down 19 percent at 1.53 lakh units.Tata Motors shares closed at Rs 289.80 on NSE on Monday, up 3 percent. The sales figures were announced after markets closed.Also Read: Maruti Suzuki June sales fall 13% to 84,455 units
Mahindra & Mahindra June sales down 8% at 38,092 units Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
