Tata Motors' March Sales Growth is Disappointing
posted on: April 12, 2007
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Tata Motors (TTM) vehicle sales for the month of March grew 11% YoY to 62,779 units. The growth number is disappointing compared to last few months (except October 2006 which was really bad):
• March 2007: 11%
• February 2007: 19%
• January 2007: 19%
• December 2006: 37%
• November 2006: 43.1%
• October 2006: 5.6%
• September 2006: 23.8%
• August 2006: 26.2%
Key highlights from the month of March:
• 11% YoY growth to 62,779 units
• Passenger vehicle sales of 25,760 units was highest of any month ever.
• Sales of Utility vehicles was also the highest of any month ever.
• Exports declined 33 per cent at 6,299.
• Commercial vehicle sales grew by 13% YoY.
Disclosure: I have no position in Tata Motors (TTM)
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This article has 2 comments:
Shenoy
March sales are always going to be lower for tata because its largest sales are commercial vehicles, and among passenger sales too, cabs are significant (they even have a special vehicle branded for taxis - called the Indicab). Depreciation effect is perhaps the worst in March and October, reflecting accordingly in Tata Motors sales. Also Ashok Leyland, another commercial auto manufacturer, has 3% lower sales (YoY)in march.
And your quote of 33% decline in exports is a misprint.
<blockquote>
Exports in the month, however, declined 33 per cent at 6,299 units as against 6,508 units in the same month of previous year, it said.
</blockquote>
That, according to my rudimentary math, is a 3.2% decline. Nothing that requires a bold font, really.