2 March, 2009
CV sales at 23,454 nos., highest since September 2008
PV sales at 19,039 nos. in positive territory, highest since May 2008
Passenger car sales at 15,524 nos., highest this fiscal and 15% higher than February 2008
Tata Motors’ domestic sales for the month of February 2009 were 42,493 nos., the highest in the last 4 months. Domestic commercial vehicle sales at 23,454 nos. were the highest since September 2008, while domestic passenger vehicle sales at 19,039 nos. were the highest since May 2008. The company’s total sales (including exports) were 43,811 vehicles, also highest in the last 4 months.
While the financial stimulus announced by the Government, particularly for commercial vehicles, has had a positive impact, the retail market would still take some time to reach the corresponding period levels of the last fiscal. As a result, February 2009 domestic sales nos. were 15% lower than that of February 2008. Cumulative sales (including exports) for the company were 444,071 nos., 14% lower than the corresponding period in the last fiscal.
The company’s sales of commercial vehicles in February 2009 in the domestic market were 23,454 nos., 35% higher than that in January 2009. However, it was 25% lower than 31,317 vehicles sold in February 2008. M&HCV sales at 8,810 nos., was highest in the last 4 months, and reflects a 52% growth over January 2009, but 48% lower than February 2008. LCV sales at 14,644 nos., was also highest in the last 4 months, and even 2% higher than February 2008.
Cumulative sales of commercial vehicles in the domestic market for the fiscal were 236,006 nos., a decline of 15% over 277,367 nos. last year. Cumulative M&HCV sales stood at 101,341 nos., a decline of 30% over last year, while LCV sales for the fiscal were 134,665 nos., a growth of 2% over last year.
The company’s sales of passenger vehicles in February 2009 in the domestic market at 19,039 nos. were the highest this fiscal since May 2008 sales of 19,234, 4% up over January 2009, and 1.5% higher than vehicles sold in February last year. Overall sales were in the positive territory only for the second time since May 2008. The February 2009 passenger car sales of the Indica and Indigo range put together at 15,524 nos. were the highest this fiscal, surpassing January 2009 sales of 15,406 and 15% higher than February 2008. Car sales have been in positive territory since October 2008 for four of the five months, due to growing new Indica Vista sales. The Indica range sales at 11,315 nos. came into the positive territory for the first time this fiscal and were 12% higher than February 2008, continuing at their peak level this fiscal of January 2009 sales of 11,433 nos. The Indigo range sales of 4,209 nos. were 27% higher than February 2008. The Utility Vehicle/SUV range accounted for sales of 3,515 nos., 20% higher than January 2009, but 34% lower than February 2008.
Cumulative sales of passenger vehicles in the domestic market for the fiscal were 176,454 nos., a decline of 7% over 190,021 nos. in the same period last year. Cumulative sales of the Indica range at 97,575 nos., reported a reducing decline of 20%. Cumulative sales of the Indigo family were 44,614 nos., a growth of 70%. Cumulative sales of the Utility Vehicle/SUV range at 34,265 nos. declined by 17%.
The company’s sales from exports at 1,318 vehicles in February 2009, were up 7% over January 2009, but declined by 68% compared to 4,097 vehicles in February 2008. The cumulative sales from exports for the fiscal at 31,611 nos. declined by 35% over 48,507 nos. in the same period last year.