*Tata Motors August sales at 64,078 nos.* Tata Motors' total sales (including exports) of Tata commercial and passenger vehicles in August 2011 were 64,078 vehicles, lower by 3% over August 2010. The company's domestic sales of Tata commercial and passenger vehicles for August 2011 were 59,874 nos., lower by 2% over 60,797 nos. sold in August last year.
Cumulative sales (including exports) for the company for the fiscal are 320,877 nos., a growth of 2% over 315,460 nos., sold last year. *Commercial Vehicles* The company's sales of commercial vehicles in August 2011 in the domestic market were 43,045 nos., a 21% growth compared to 35,585 vehicles sold in August last year. LCV sales were 26,344 nos., a growth of 27% over August last year. M&HCV sales stood at 16,701 nos., a growth of 12% over August last year. Cumulative sales of commercial vehicles in the domestic market for the fiscal are 196,887 nos., a growth of 17% over last year. Cumulative LCV sales are 118,808 nos., a growth of 23% over last year, while M&HCV sales stood at 78,079 nos., a growth of 8% over last year. *Passenger Vehicles *The passenger vehicles business reported a total sale and distribution offtake of 17,898 nos. (16,829 Tata + 1,069 Fiat) in the domestic market in August 2011, lower by 34% compared to 27,024 nos. (25,212 Tata + 1,812 Fiat) in August last year. Sales of Tata passenger vehicles for August 2011 are at 16,829 nos, lower by 33% over August last year. Production at Tata Motors' Sanand plant has resumed after a temporary suspension for about a fortnight. This was done for maintenance and to rationalise and align inventory. Consequently, sales of the Tata Nano from the company to dealerships were limited to 1,202 nos., lower by 85% over August last year. The company is witnessing very encouraging response to consumer-oriented marketing efforts, resulting in increasing inquiries and footfalls at the company's showrooms. The Indica range sales were 7,206 nos., lower by 4% over August last year. The Indigo range recorded sales of 5,100 nos., lower by 24% over August last year. The Sumo/ Safari/ Aria/ Venture range accounted for sales of 3,321 nos., a growth of 15% over August last year. Jaguar Land Rover sales in India continued their upward trend. Cumulative sales and distribution offtake of passenger vehicles in the domestic market for the fiscal are 107,003 nos. (99,129 Tata +7,874 Fiat), against 135,524 nos. (125,311 Tata + 10,213 Fiat) last year, lower by 21%. Cumulative sales of Tata passenger vehicles were 99,129 nos., lower by 21% compared to 125,311 nos., till August last year*.*Cumulative sales of the Nano are 26,441 nos., lower by 17% compared to 31,882 nos., till August last year*.*Cumulative sales of the Indica range are 31,001 nos., lower by 27%. Cumulative sales of the Indigo family are 24,409 nos., lower by 30%. Cumulative sales of the Sumo/Safari/ Aria range are 17,278 nos., higher by 9%. *Exports *The company's sales from exports at 4,204 vehicles in August 2011 are lower by 18% compared to 5,157 vehicles in August last year. The cumulative sales from exports for the fiscal at 24,861 nos. are higher by 15% over 21,641 nos. in the same period last year. On Wed, Aug 31, 2011 at 2:50 PM, RAJESH DESAI <[email protected]> wrote: > Tata Motors Said to Hire State Bank to Raise $500 Million Loan From Banks > Q > By Katrina Nicholas - Aug 31, 2011 9:46 AM GMT+05 > > Tata Motors Ltd. (TTMT)<http://www.bloomberg.com/apps/quote?ticker=TTMT:IN>, > the Indian owner of Jaguar Land Rover, hired State > Bank<http://topics.bloomberg.com/state-bank/>of India to help it borrow $500 > million in a term loan, according to a > person familiar with the matter. > > The two-part facility consists of a $200 million portion which matures in > five years and a $300 million portion which matures in seven, the person > said, asking not to be identified as details are private. > > Lenders committing $20 million or more to the five-year loan will receive > margin and fees for a so-called all-in payment of 260 basis points more than > the London <http://topics.bloomberg.com/london/> interbank offered rate > while those contributing that amount or more to the seven-year facility will > receive a rate of 280 basis points more than Libor, the person said. Tata > Motors will use the proceeds for general corporate purposes, the person > said. > > Meetings to market the loan to other lenders will be held in Taipei on > Sept. 5, Singapore on Sept. 6 and London on Sept. 21, the person said. Other > meetings may also be arranged in Dubai, the person said. > > State Bank of India > (SBIN)<http://www.bloomberg.com/apps/quote?ticker=SBIN:IN>expects to complete > syndication in mid October and Tata Motors will likely > sign the loan later that month, the person said. > > To contact the editor responsible for this story: Katrina Nicholas at > [email protected] > > > On Fri, Aug 26, 2011 at 12:46 PM, RAJESH DESAI <[email protected]>wrote: > >> *Auto shares in demand on good rains * >> >> Six auto shares rose by 0.8% to 2.79% at 12:20 IST on BSE as good monsoon >> rains raised hopes of increased demand from rural sector. >> >> Mahindra & Mahindra (up 2.79%), Hero MotoCorp (up 2.42%), Tata Motors(up >> 1.22%), Ashok Leyland (up 0.61%), Maruti Suzuki India (up 0.34%) and >> Bajaj Auto (up 0.80%), edged higher. >> >> The BSE Auto index outperformed the market over the past one month until >> 25 August 2011, falling 9.76% compared with the Sensex's 14.44% fall. The >> BSE Auto index had also outperformed the market in past one quarter, sliding >> 9.19% as against 9.53% decline in the Sensex. >> >> The near-term prospects for agricultural sector remain good. The rainfall >> deficit in the country had widened to 5% of the long-term average in July >> 2011, but a pick-up in August 2011 helped narrow the deficit to 1% by 24 >> August 2011. Good rains will help boost rural incomes, which in turn may >> boost sales of two-wheelers, tractors and utility vehicles and cars. >> >> There is also expectation of pick-up in sales of two-wheeler, cars and >> utility vehicles during the upcoming festive season. The festive season >> starts with Onam early next month and will last until Diwali, the >> festival of lights, at the end of October 2011. >> >> >> -- >> EQUITY BULL >> > > > > -- > EQUITY BULL > -- EQUITY BULL -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. 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