The Hindu : Telco July sales up

Online edition of India's National Newspaper
Tuesday, Aug 13, 2002

Business

Business

Telco July sales up

By Our Special Correspondent

MUMBAI AUG. 12. Tata Engineering has reported a total sales of 17,608 vehicles in the domestic market in July, an increase of 50 per cent over the corresponding period last year and 4.5 per cent over the previous month.

Commercial vehicle sales at 7,338 numbers posted a growth of 26.6 per cent over July sales last year. The company sold 4,755 M & H commercial vehicles, a growth of 16.5 per cent over 4,080 vehicles sold in the corresponding period last year. Sales of LCVs at 2,583 numbers showed a growth of 50 per cent as compared to the same period last year. Cumulative sales for the period April-July at 28,707 numbers showed a growth of 40.2 per cent over 20,482 numbers sold in the same period last year.

"The company's sales grew by 73 per cent in July at 10,270 numbers cornering a share of 18 per cent in the passenger vehicle market," Tata Engineering stated in a release. "Cumulative sales for April-July at 27,861 numbers grew by 13.7 per cent when the industry declined by 2 per cent and the company ended July with a market share of 13.3 per cent," it added.

Indica sales at 8,528 numbers showed a growth of 103 per cent, marginally short of its historic segment sales of 8,769 numbers in March, although production was affected in the last two days of the month once again due to break-down of power in the Western Grid.

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