Financial Daily from THE HINDU group of publications
Tuesday, Mar 12, 2002
Tata Engineering zips ahead with spurt in Indica sales
MUMBAI, March 11
TATA Engineering today reported total sales of 16,655 vehicles in the domestic market in February, an increase of 12.8 per cent over the same month the previous year.
Cumulative sales over April-February 2002 were up by 9.3 per cent at 1,48,087 units (1,35,460 units) an official statement said.
The company sold 7,691 commercial vehicles in February 2002.
Though sale of medium and heavy commercial vehicles rose by 10.7 per cent to 48,930 units over April-February 2002, total commercial vehicle sales registered a 1.49 per cent decline.
In light commercial vehicles, the company sold 2,730 units in February 2002, representing a 14.8 per cent increase over January 2002.
With 8,964 units sold, Tata Engineering's passenger car business showed a 41 per cent growth in February 2002 over the year-ago period.
Total April-February 2002 sales at 76,754 units were up 21.7 per cent. In 2000-2001, the company totally sold 71,935 units.
Its overall market share in passenger cars has risen to 12.7 per cent (10.7 per cent).
Sales of the Indica, at 6,519 units in February 2002, were up by 79 per cent compared to the previous corresponding period.
Its total sales were up by 43.3 per cent, at 55,265 units while its market share has improved 22.4 per cent (17.4 per cent).
Sales of utility vehicles in February 2002 grew by 3 per cent over January 2002 to touch 2,240 units. Total sales during the year were 21,435 units. The company's market share was 30.2 per cent in February 2002 and 23.2 per cent for April-February 2002.
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