Tata Motors March sales down 13% yoy

Tata Motors' domestic sales in March 2009 were 52,686 nos. The company's total sales (including exports) were 54,485 vehicles. The company's sales (including exports) for the fiscal 2008-09 were 498,581 nos. While the financial stimulus announced by the Government, particularly for commercial vehicles, has had a positive impact, the retail market would still take some time to reach the corresponding period levels of the last fiscal, Tata Motors said. As a result, March 2009 domestic sales nos. were 13% lower than that of March 2008. Cumulative sales for the fiscal year 2008-09 were 498,581 nos., down 14% over the last fiscal year. The company's domestic sales of commercial vehicles in March 2009 were 29,006 nos., down 24% over February 2009 but 19% lower than March 2008. Local sales of passenger vehicles in March 2009 at 23,680 nos. were the highest this fiscal, 24% up over February 2009, but 4% down compared to March last year.