Tata Motors sales marginally decline to 66,358 vehicles in June 2011

Tata Motors exports grew by 21% last month to 5,094 units from 4,222 units in the same month last year

Tata Motors’ total sales (including exports) of Tata commercial and passenger vehicles in June 2011 were 66,358 vehicles, lower by 1% over June 2010. The company’s domestic sales of Tata commercial and passenger vehicles for June 2011 were 61,264 units, lower by 2% over 62,602 units sold in June last year. 

Cumulative sales (including exports) for the company for the fiscal are 194,461 units, a growth of 8% over 180,210 units sold last year.

The company’s sales of commercial vehicles in June 2011 in the domestic market were 39,271 units, a 13% growth compared to 34,791 vehicles sold in June last year. LCV sales were 23,197 units, a growth of 18% over June last year. M&HCV sales stood at 16,074 units, a growth of 6% over June last year.

Cumulative sales of commercial vehicles in the domestic market for the fiscal are 115,172 units, a growth of 18% over last year. Cumulative LCV sales are 68,956 units, a growth of 25% over last year, while M&HCV sales stood at 46,216 nos., a growth of 10% over last year.

The passenger vehicles business reported a total sale and distribution offtake of 23,499 units in the domestic market in June 2011, lower by 22% compared to 29,948 units in June last year.

The company's sales from exports at 5,094 vehicles in June 2011 registered a growth of 21% compared to 4,222 vehicles in June last year. The cumulative sales from exports for the fiscal at 14,182 units are higher by 32% over 10,747 units in the same period last year.

On Friday, Tata Motors ended 0.10% up at Rs994.50 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.44% to 18,762.80.

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COMMENTS

shobhti kumar singh

6 years ago

It was really disheartening to see the decline in sales of the Tata Motors.But this decline willnot be called a fiscal,but merely fluctuation in demand of the customer in domestic as well as in the international sphere.

Abhijeet Power files draft red herring prospectus with SEBI for IPO

Abhijeet Power is considering a pre-IPO placement of up to 30.33 crore equity shares with various investors for an amount not exceeding Rs500 crore

Abhijeet Power Ltd has filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) of its equity shares of face value of Rs10 each for cash at a price to be decided through the book-building process and aggregating to Rs1,375 crore. The promoters of the company are Manoj Jayaswal, Abhijeet Mining Ltd and Corporate Ispat Alloys Ltd.

The issue comprises a reservation of equity shares aggregating up to Rs10 crore for eligible employees. The issue less the employee reservation portion constitutes the net issue to the public. The company is considering a pre-IPO placement of up to 30.33 crore equity shares with various investors for an amount not exceeding Rs500 crore. The pre-IPO placement will be at the discretion of the company and at a price to be decided by the company. The company will complete the issuance and allotment of equity shares pursuant to the pre-IPO placement prior to filing of the red herring prospectus with the RoC. If the pre-IPO Placement is completed, the issue size offered to the public would be reduced to the extent of such pre-IPO placement, subject to a minimum issue size of 10% of the post-Issue paid-up equity share capital being offered to the public.

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Trimax IT Infra files draft red herring prospectus with SEBI for IPO

Trimax IT Infra provides cloud computing services, data centre services, IT infrastructure solutions with on-site support across India

Trimax IT Infrastructure & Services has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) of 1.19 crore equity shares of face value of Rs10 each for cash at a price to be decided through the book-building process. The issue comprises a fresh issue of 95.85 lakh equity shares and an offer for sale of 23.91 lakh equity shares by BanyanTree Growth Capital LLC. The issue shall constitute 25.07% of the post-issue paid-up capital of the company.

Trimax IT Infrastructure & Services provides cloud computing services, data centre services, IT infrastructure solutions and turnkey solutions coupled with on-site support across India.

The price band and the minimum bid lot size will be decided by the company and the selling shareholder in consultation with the book running lead managers (BRLMs) and will be advertised at least two working days prior to the bid opening date. The BRLMs to the issue are Kotak Mahindra Capital, Religare Capital Markets and SBI Capital Markets.

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