Friday, May 14, 2010

Tata Motors April 2010 global auto sales rises 53%

Tata Motors observed a 53% hike in its overall autosales in April 2010 on a year-over-year basis. The largest automobile company in India sold 77,732 vehicles including those distributed in India.

Sales of commercial vehicles rose 40% at 34,470 units. Sales of passenger vehicles went up 66% at 43,262 units.

Sales of passenger vehicles, including those distributed in India, rose 71% at 25,353 units. This also includes the distributed units.

Commercial vehicle sales rose 40 per cent to 34,470 units in April 2010 while passenger vehicle sales were up 66 per cent at 43,262 units.

The Jaguar Land Rover brand, which Tata Motors bought in 2008, registered a 61% rise in global sales at 17,909 vehicles in April 2010 on a year-over-year basis. Jaguar sales in April stood at 3,559 units but sales of Jaguar XF went up 23% and Landrover 89% to 14,350 units.

In FY 2008-09, the company reported consolidated revenues of Rs70,938.85 crore ($14 billion). Through its subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand and Spain. It also has a joint venture with Fiat in India.

Tata Motors Ltd. is the largest auto maker in India. It is the market leader in commercial vehicle segment. It is also one of the top passenger vehicle producers in India, in the compact, midsized car and utility vehicle segment. The company is also the fourth largest truck producer and world’s second largest bus manufacturer.

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