SENSEX  26,314.29  -106.38
NIFTY  7,875.30  -22.20
« Back to News

M&M, Toyota sales rev up in June; Tata Motors falls behind
01 Jul 2012, 05:31 PM
Auto majors Mahindra & Mahindra and Toyota Kirloskar Motor have reported a jump in sales for June. However, Tata Motors recorded a fall in its total sales.

M&M has recorded a 16.12% in its sales for June at 41,322 units against 35,584 units in the same month last year. The companys domestic sales stood at 38,951 units (33,772 units), up 15 per cent, it said in a statement.

The passenger vehicles segment (which includes the UVs and Verito) registered a growth of 23% at 19,792 units (16,053 units).

Exports grew 31% to 2,371 units compared to 1,812 units in the same month last year, it said.

Commenting on the numbers, Mahindra & Mahindra Chief Executive (Automotive Division), Mr Pravin Shah, said the company has managed to post growth despite pressures and various uncertainties which the auto industry is currently facing.

We expect the demand for utility vehicles industry to continue during the current financial year. Our opinion in the current industry scenario is to not to have any major changes in the policies including fuel prices in order to create an overall positive sentiment, he added.

Tata Motors car sales down

Tata Motors has reported 3% decline in its total sales in June at 64,341 units.

The companys domestic sales of commercial and passenger vehicles for the month declined 5% to 58,270 units against 61,266 units in June last year.

Tata Motors sales of commercial vehicles in the domestic market stood at 41,026 units (39,272 units), up 4%, it said in a statement.

Light commercial vehicle sales were at 28,363 units, a growth of 22% from 23,198 units sold in June last year, it added.

Medium and heavy vehicle sales stood at 12,663 units, down 21% from 16,074 units sold in June, last year.

Passenger vehicles sales were lower by 22% to 17,244 units (21,994 units).

Sales of the Tata Nano were 5,605 units, up 3% over 5,452 units in June last year.

The Indica range sales declined 35% to 5,332
Page 1 of 3 Next page  »
Next Story  »
Post your View/Query
More on markets:
Market Outlook | Udayan's Comments  | Stock Views  | Broker Recos
Font Size:     Feedback     Desktop site »
Language: English    हिंदी    ગુજરાતી
© 2014. a Web18 Venture