India Tata Motors Nov vehicle sales up 65 pct y/y

By @ibtimes on

Tata Motors Ltd vehicle sales for November.

NOV 2009 NOV 2008 % CHG

TOTAL SALES 54,108 32,696 65

DOMESTIC SALES 50,114 30,556 64

COMMERCIAL VEHICLES 29,408 16,229 81

PASSENGER VEHICLES* 22,671 14,612 55

NANO 3,406 n/a --

EXPORTS 3,994 2,140 87

* Passenger vehicle sales include distribution of Fiat cars by Tata Motors.

NOTE: Tata Motors is India's largest vehicle maker. It owns the luxury Jaguar and Land Rover brands and in July started deliveries of the Nano, the world's cheapest car.

Indian auto makers posted strong annual sales growth in November and analysts said maintaining momentum depended on sustained recovery, a day after India reported surprisingly strong economic growth.

Last week, Tata Motors reported a return to operating profit for its British Jaguar Land Rover unit, suggesting cost cuts were beginning to bear fruit and new models were attracting buyers. 

(Reporting by Pratish Narayanan; Editing by John Mair)

Join the Discussion