Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / Tata Motors sales fall 3% in August; Nano sales dip 85%
BackBack

Tata Motors sales fall 3% in August; Nano sales dip 85%

Tata Motors sales fall 3% in August; Nano sales dip 85%

Premium

New Delhi: Tata Motors Thursday reported a 2.84% decline in total sales during August 2011, to 64,078 units with sales of its small car Nano falling by 85% during the month.

The company had sold 65,954 units in the same month of 2010, the company said in a statement.

The homegrown firm’s total passenger vehicles sales in the domestic market stood at 16,829 units in July, a fall of 33.25% from 25,212 units in the same month last year.

The company’s latest offering Nano’s sales stood at 1,202 units during the month, down 85%, the company said.

The ‘Indica’ range reported sales of 7,206 units, down 4% vis-a-vis August, 2010, Tata Motors said.

In addition, the ‘Indigo’ family recorded sales of 5,100 units, a decrease of 24% in comparison to the same month last year. Sales of ‘Sumo’, ‘Safari’ and ‘Aria’ grew by 15 per cent to 3,321 units.

In the commercial vehicles segment, the company sold 43,045 units in the domestic market during the month under review compared to 35,585 units in the same month last year, translating into an increase of 20.96 per cent.

Light commercial vehicle sales during the month amounted to 26,344 units, a growth of 27% over last year, while medium and heavy commercial vehicle sales stood at 16,701 units, a growth of 12% compared to August, 2010.

The company’s exports fell by 18.48% to 4,204 units last month from 5,157 units in the same month last year, it added.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 01 Sep 2011, 04:10 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie