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07-03-2012, 11:05 AM #1
Tata Motors shares fall as June sales decline
Tata Motors were trading 1.5 per cent lower in late trade on Monday as the automaker reported a 3 per cent decline in its June sales at 64,341 units.
The company's domestic sales of commercial and passenger vehicles for the month declined by 5 per cent to 58,270 units against 61,266 units in June last year.
Tata Motors' sales of commercial vehicles in June 2012 in the domestic market stood at 41,026 units compared to 39,272 units sold in June last year, up 4 per cent, it said in a statement.
Light commercial vehicle sales were at 28,363 units, a growth of 22 per cent from 23,198 units sold in June last year, it added.
Medium and heavy vehicle sales stood at 12,663 units, down 21 per cent from 16,074 units sold in June, last year.
Passenger vehicles sales for June were lower by 22 per cent to 17,244 units against 21,994 units sold in the same month last year.
Sales of the Tata Nano were 5,605 units, up three per cent over 5,452 units in June last year.
The Indica range sales declined by 35 per cent to 5,332 vehicles compared 8,188 units sold in the same month last year.
The Indigo range recorded sales of 2,658 units, lower by 46 per cent against 4,882 units in the year-ago period.
The Sumo, Safari, Aria and Venture range were at 3,649 units in June, up five per cent from 3,472 units in the same month last year, the statement said.
The company's exports in June grew by 19 per cent to 6,071 units compared to 5,094 units in June last year.