Tata Motors Sept sales down 4% YoY at 75,773 units
Tata Motors' sales in September slipped 4% year-on-year to 75,773 units due to sluggish demand for heavy trucks and passenger vehicles, although there was strong demand for the Nano car.
October 01, 2012 / 23:08 IST
Moneycontrol Bureau
Tata Motors' sales in September slipped 4% year-on-year to 75,773 units due to sluggish demand for heavy trucks and passenger vehicles, although there was strong demand for the Nano car.The company's domestic sales last month were down 3% to 70,332 units, and exports slipped 12% to 5,441 units. The India's largest CV maker sold 48,680 trucks and buses in the domestic market, up 5% from a year ago. While LCV sales rose 19% to 33,393 units, M&HCV sales were down 16% to 15,287 units.In the passenger vehicle segment, total sales fell 18% last month to 21,652 units. Sales of the Indica hatchback were down 23% to 7,936 units, while that of Indigo sedan tumbled 52% to 3,706 units. Demand for the Nano, however, was robust, with sales rising 87% to 5,491 units in September.Sales of Tata Motors' utility vehicles -- Sumo, Safari, Aria and Venture -- fell 15% to 4,519 units. For the first six months of this financial year, its total sales are up 3% to 4,09,898 units, with domestic CV sales up 3% and passenger vehicle sales rising 4%.Tata Motors shares Monday closed at Rs 274.70, up 2.7% from previous close. The company's sales figures were announced after market closed. 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!
