Tata Motors February sales up 58%

Tata Motors total sales (including exports) of Tata commercial and passenger vehicles in February 2010 were 69,427 vehicles, a growth of 58% over 43,811 vehicles sold in February 2009. The company`s domestic sales of Tata commercial and passenger vehicles for February 2010 were 66,190 units, a 56 % growth over 42,493 units sold in February last year.

Cumulative sales (including exports) for the company for the fiscal at 567,535 units, recorded a growth of 28 % over 444,095 units sold last year.

Exports:

The company`s sales from exports at 3,237 vehicles in February 2010 registered a growth of 146% compared to 1,318 vehicles in February last year. The cumulative sales from exports for the fiscal at 30,036 units are lower by 5% over 31,611 units in the same period last year.

Commercial Vehicles:

The company`s sales of commercial vehicles in February 2010 in the domestic market were 39,205 units, the highest ever and a 67% growth compared to 23,454 vehicles sold in February last year. LCV sales were 21,764 units, the highest ever and a growth of 49% over February last year. M&HCV sales stood at 17,441 units, a growth of 98% over February last year.

Cumulative sales of commercial vehicles in the domestic market for the fiscal are 330,330 units, a growth of 40% over last year. Cumulative LCV sales are 196,040 units, a growth of 46% over last year, while M&HCV sales stood at 134,290 units, a growth of 33% over last year.

Passenger Vehicles:

The passenger vehicles business reported a total sale and distribution offtake of 29,241 units (26,985 Tata + 2,256 Fiat) in the domestic market in February 2010, the highest ever and a 43.7% increase compared to 20,348 units (19,039 Tata + 1,309 Fiat) in February last year. Sales of Tata cars, at 26,985 units are the highest ever and a growth of 42% over February 2009. Sales of the Tata Nano were 4,105 units The Indica range sales were 11,502 units, the highest this fiscal. The Indigo range recorded sales of 7,373 units, the highest ever since the Indigo's launch in 2002 and a growth of 75.2% over February last year. The Sumo/Safari range accounted for sales of 4,005 units, the highest this fiscal and a growth of 14% over February last year. The Sumo family individually recorded the highest sales this fiscal.Jaguar Land Rover sales continued their upward trend since launch in June.

Cumulative sales and distribution offtake of passenger vehicles in the domestic market for the fiscal are 229,814 units (207,169 Tata + 22,645 Fiat), against 183,403 units (176,478 Tata + 6,925 Fiat) last year, a growth of 25.3%. Cumulative sales of the Nano are 25,640 units Cumulative sales of the Indica range at 102,797 units, reported a growth of 5.3%. Cumulative sales of the Indigo family are 49,097 units, higher by 10%. Cumulative sales of the Sumo/Safari range are 29,635 units, lower by 13%.

Shares of the company gained Rs 25.35, or 6.51%, to settle at Rs 415.00. The total volume of shares traded was 17,373 at the BSE (Friday).

Source: Iniacar.com Source : Myiris.com (3/1/2010)