Auto News

Tata Motors Records Dip in Car Sales

By Motortrend India Staff   |   04 February,2009

Tata Motors reported a decline in car sales in January 2009. The overall sales dropped by 33% that accounts for 36,931 units against 54,796 units in the corresponding month last fiscal.

The overall sales include the sales of both commercial vehicles and passenger cars. In the domestic market, the company has sold 17,373 commercial vehicles which accounts for a dip of 43 % compared to 30,530 vehicles sold in the same month last year. The passenger vehicles reported a 9% dip with sales of 18,331 units in January 2009 in contrast to sales of 20,119 units in the same month 2008.

In passenger car segment, sales of Tata Indica stood at 11,433 units with a plunge of 8% whereas the sales of Sumo and Safari stood at 2,925 units that are about 40% lower than the sales figure recorded in January 2008. However, the Indigo sales experienced a rise by 37% to 3,973 units.

Tata has even experienced a decline in its export market that stood at 1,227 vehicles, about 70% lower compared to sales recorded in the same month last fiscal.

Speaking on the account, one of the company's official said, “Faint signals of the impact of the financial stimulus announced by the government, particularly for commercial vehicles, is being noticed. However, the automobile market continues to be under the grip of a credit squeeze and high interest rates.”

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