Sales Growth Continues to Slide at Tata Motors

Tata Motors (TTM) reported sales volume growth of 23.8% in the month of September. This growth is almost half compared to July’s growth rate of 44.5% and slightly less then 26.2% for the month of August. Apparently, passenger car sales were affected by a fire in the paint shop at its Pune plant. They are expecting this to affect October sales figure as well. Overall, not a very encouraging month for the company.

Highlights:

* Total sales for the month of September 2006 were 49,157 units (including exports) compared to 39,707 units in the same month last year.
* Passenger car sales in the domestic market were at 18,609 units, an increase of 15.7% YoY
* Commercial Vehicles sold in the domestic market stood at 26,627 units, an increase of 39.5% YoY.
* The Company’s sales from exports were 3,921 units, a decrease of 14% YoY.

TTM 1-yr chart:

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