Tata Motors June sales surge 37 per cent in June 2006
domain-b: Following are the highlights for Tata Motors (NYSE: TTM) for the month on June 2006:
- Tata Motors has reported total volume sales of 45,223 units for the month of June 2006 as compared to 33,018 units during June 2005.
- Passenger car sales in the domestic market for the month were at 18,463 units, an increase of 27.8 per cent as compared to the same month of previous year.
- Hatchback model Indica was once again the star performer, selling 12,271 units � an increase of 41 per cent year-on-year.
- Sales of Indigo sedan model and Indigo Marina station wagon declined marginally by 1.7 per cent to 2,885 units for the month.
- The substantial cut in prices of SUV model Safari, boosted sales to 1,011 units in June 2006.
- Total sales of Safari and UV model Sumo increased 17.5 per cent to 3,307 units.
- For the first quarter April-June, sales of passenger vehicles increased 21.2 per cent to 49,906 units.
- Indica sales increased by 32.7 per cent while Indigo sales went down by 6 per cent.
- SUV and UV sales increased by 14.6 per cent over same month of last year.
- The company sold a total of 21,565 units in the domestic market during the month, an increase of 38.9 per cent from June 2005.
- The strong performance of for the month was aided by a substantial 63.8 per cent jump in LCV sales to 9,757 units. Of this, small goods carrier Ace contributed more than 5,000 units.
- The company is reportedly planning a passenger version of the Ace to compete with Marti’s Omni and Versa models.
- Sales of medium and heavy commercial vehicles increased 23.3 per cent to 11,808 units during June 2006.
- For the April- June quarter, domestic sales of commercial vehicles has gone up by an incredible 69.5 per cent.
- LCV sales have jumped 86.4 per cent while sales of bigger commercial vehicles went up by 59.1 per cent.
- Exports increased substantially by 71 per cent to 5,195 units for as compared to 3,037 units in June 2005.
- For the April-June quarter, exports were higher by 45.8 per cent at 13,106 units
This is a company which is at the right place and at the right time and Tata Motors is in full control to exploit these situations for its future growth.