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Tata Motors global sales fall 16.5%

 

Mumbai, April 12:  

Tata Motors global vehicles sales at the wholesale level fell 16.57 per cent to 1,16,521 units in March, compared with 1,39,655 vehicles sold the same month a year ago. The wholesale numbers, defined as despatches from factory to dealers and not to customers, also include those of its luxury brand Jaguar Land Rover (JLR). Cumulative wholesale sales for the financial year were 11,96,416 units, down 4.45 per cent from the 12,52,173 units sold in March 2012, the company said in a statement. The company sold 60,799 units of commercial vehicles — Tata, Tata Daewoo and Tata Hispano Carrocera range — in March. The cumulative commercial vehicle wholesale number for the fiscal stood at 595,416 units. Global passenger vehicle wholesale sales were 55,722 units, while cumulative passenger vehicles sales for the fiscal were 601,000. The company sold 42,682 Jaguar Land Rover vehicles in March and 3,72,062 vehicles on a cumulative basis for the year, it said. Jaguar sold 7,621 vehicles during the month, while the cumulative wholesales figure was 57,812 vehicles. Land Rover sales for the month were at 35,061 units and cumulative at 3,14,250. — Our Bureau

(This article was published in the Business Line print edition dated April 13, 2013

md.Shane haider

pgdm 2 sem