The Indian multinational automotive corporation, Tata Motors recently revealed its sales figures for the month of October. Tata Motors’ total sales that include export sales figures of passenger and commercial vehicles, reached up to 68,009 vehicles. Comparing the October 2011 domestic sales with that of October 2010, the company has witnessed a hike of 9%, as 58,806 vehicles were sold during October last year.
Overall sales figures, including exports of Tata motors for current fiscal have also seen an increase of 5% in comparison to the previous year. The company has sold 4,67,669 vehicles including exports so far, this year. Whereas, the company had only sold 4,44,869 vehicles in the same time period during 2010.
In terms of commercial vehicles, Tata Motors sold 38,714 commercial vehicles in the domestic market during October 2011. Current year's October sales have grown by 13% in comparison to only 34,328 commercial vehicles sold during October 2010. Tata Motors’ Light Commercial Vehicle (LCV) sales for October 2011 are 21,892 vehicles that results in a 6% increase from October last year. Tata Motors sales for M&HCVs also experienced an upgrade of 23% in comparison to October 2010 by selling 16,822 vehicles.
Tata Motors’ cumulative sales for commercial vehicles, this year, have gone up to 2,81,848 vehicles in the domestic market. These figures indicate a growth of 18% from previous year cumulative sales till October. Overall Light Commercial Vehicles sales have gone up to 1,68,792 this year, which is 24% higher in comparison to previous year's cumulative sales. On the other hand, M&HCV sales reached a figure of 1,13,056 this year, showing an increase of only 10% over last year.
Coming to the passenger vehicle market, Tata Motors observed a downfall of 3%, when domestic passenger vehicle sales and distribution off-take for October 2011 were compared to that of October 2010. The company has reported total sales and distribution off-take of 25,746 vehicles (25,124 Tata + 622 Fiat) for domestic market during October 2011. However, during the previous year, the total domestic sales and distribution off-take was around 26,503 vehicles (24,478 Tata + 2025 Fiat).
Considering only the passenger sales, Tata vehicles have seen a comparable growth of 3% during October this year. The company sold a total of 25,124 passenger vehicles in the domestic market during October 2011. On the other hand, the same was only 24,478 for October previous year. Tata's small car, Nano experienced a sales growth of 26% over October last year by selling up to 3,868 units during the month of October this year.
Comparing with October 2010, Tata Indica has shown an 11% sales growth. On the downside, Tata Indigo witnessed an October sales drop of 24% over last year, by selling only 6,268 Indigo cars.
Tata Sumo/Safari/Aria/Venture range has a record October sales of 4,176 vehicles. The sales have improved by 23% in comparison to October 2010. Moreover, Jaguar Land Rover has also maintained a positive sales figure this October.
Cumulative sales figures and distribution off-take of Tata passenger cars underwent a downfall of 15%, when compared to cumulative sales during October 2010. The company's domestic market passenger sales and distribution off-take during October this fiscal year was 1,59,886 (150,572 Tata + 9,314 Fiat) which is much less than 1,87,539 vehicles (173,651 Tata + 13,888 Fiat) during previous year.
Coming to the exports made by Tata Motors for October 2011, the sales have declined by 30%. The company exported 4,171 vehicles in October 2011, whereas 5,950 vehicles were exported in October 2010. On the bright side, the cumulative export sales for the fiscal year are 35,249 vehicles, which is 8% higher in comparison to 32,648 vehicles exported during the same time period in 2010.
Thus, Tata Motors can foresee an escalation in terms of the overall performance in the domestic market; however, current laurels are not enough to maintain the highs, attained this month, for long.
