1 December, 2008
Tata Motors reported total sales of 32,696 vehicles (including exports) for the month of November 2008, a decline of 30% compared to 46,947 vehicles sold in November last year. Cumulative sales for the company at 3,38,110 nos., declined by 6%. Unavailability of finance, coupled with high interest rates, continues to defer customer purchases.
The company’s sales of commercial vehicles in November 2008 in the domestic market were 16,229 nos., a decline of 40% compared to 26,895 vehicles sold in November last year. M&HCV sales stood at 5,792 nos., a decline of 60% over November 2007, while LCV sales were 10,437 nos., a decline of 16% over November 2007.
Cumulative sales of commercial vehicles in the domestic market for the fiscal were 1,81,123 nos., a decline of 3% over 1,86,859 nos. last year. Cumulative M&HCV sales stood at 81,909 nos., a decline of 16% over last year, while LCV sales for the fiscal were 99,214 nos., a growth of 11% over last year.
The company’s sales of passenger vehicles in November 2008 in the domestic market were 14,327 nos., a decline of 12% compared to 16,322 vehicles sold in November last year. The Indica range sales at 9,039 nos. declined by 13.8% over last November despite orders in hand which could not be converted into sales due to lack of financing in the market, but held close to October 2008 level of 9,484 nos. The Indigo range with sales of 3,477 nos., reported a 73% growth over November 2007. Car sales of 12,516 nos. between the Indica and the Indigo range in the month of November 2008 are marginally up, compared to car sales of 12,502 nos. in November 2007, continuing the growth uptrend registered for the first time this fiscal in October 2008. The Sumo and Safari accounted for sales of 1,811 nos., a decline of 52.6% compared to November 2007. The UV/SUV segment in the industry continues to be under pressure in the market since the July ad hoc imposition of an additional element of excise duty on vehicles having engine displacement of over 1.5 litre.
Cumulative sales of passenger vehicles in the domestic market for the fiscal were 1,29,246 nos., a decline of 5.5% over 1,36,820 nos. in the same period last year. Cumulative sales of the Indica at 68,078 nos., reported a decline of 25%, with de-growth having been controlled from a peak of 32.2% in July 2008 to 13.8% in November 2008, since the launch of the Indica Vista. Cumulative sales of the Indigo family were 34,759 nos., a growth of 86%. Cumulative sales of Sumo and Safari at 26,409 nos. went into a decline of 4% for the first time this fiscal arising from a slowing down of the segment since July.
The company’s sales from exports at 2,140 vehicles in November 2008 declined by 43% compared to 3,730 vehicles in November 2007. The cumulative sales from exports for the fiscal at 27,741 nos. declined by 22% over 35,562 nos. in the same period last year.