Financial Express: October sales figures are out for Tata Motors (NYSE: TTM) and they are not very good.
Vehicle sales rose only 5.6% YoY
Sales of commercial vehicles (Tata Motors primary business) grew by 18.5% YoY.
Sales of passenger vehicles declined 2.8% YoY.
Exports fell 22% YoY
As I reported earlier, margin [...]
Domain-b and Yahoo: Tata Motors (NYSE: TTM) was under pressure today as company reported results for quarter ending September 30th, 2006. The stock closed the day down about 4% as the company reported deteriorating operating margins. Operating margins as a percentage of net sales declined to 11.97% from 12.54% a year ago. The company blamed [...]
domain-B: Tata Motors (NYSE: TTM) reported sales volume growth of 23.8% in the month of September. This growth is almost half compared to July’s growth rate of 44.5% and slightly less then 26.2% for the month of August. Apparently, passenger car sales were affected by a fire in the paint shop at its Pune plant. They are [...]
MoneyControl: August sales number are out for August 2006 and they are not as impressive as July. Total sales grew 26.2% YoY compared to 44.5% YoY in July 2006. Anyways, lets check out the July numbers:
Total vehicle sales at 45.681 (26.2% YoY)
Commerical vehicle sales up 35% YoY at 23,069.
Passenger vehicle sales totalled [...]
DNAIndia: Alright, this is something I didn’t know. Daimler Chrysler owns 6.8% stake in Tata Motors (NYSE: TTM). Apparently, Daimler Chrysler want to expand in the commerical vehicle segment and is in talks with Tata Motors and Eicher Motors.
Link: http://www.dnaindia.com/report.asp?NewsID=1049985
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Excellent article on Tata Motors (NYSE: TTM) in today’s Hindu Business Line. Really a must read.
link: http://www.thehindubusinessline.com/iw/2005/05/22/stories/2005052200200800.htm
The author Raghuvir Srinivasan calls it a ‘Hold’
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