Tata Motors Ltd.
(
TTM
) posted a 26% year-over-year increase in global sales to 1,39,655
units in March, including sales of Jaguar and Land Rover. With
this, the company witnessed a 16% increase in sales to 1,252,173
units in fiscal 2012 ended March 31, 2012.
Global sales of all commercial vehicles registered a 12% growth
to 63,791 units during the month and 17% increase to 599,927
vehicles in the fiscal year. Meanwhile, global sales of all
passenger vehicles recorded more than 41% increase in sales to
75,864 units in the month and 14% rise to 652,246 units in the
year.
Sales of Jaguar and Land Rover surged 51% to 36,471 units in
March, where Jaguar sales escalated 42% to 5,343 units and Land
Rover sales hiked 53% to 31,128 units. For fiscal 2012, sales of
Jaguar and Land Rover rose 29% to 314,433 vehicles, where Jaguar
sales grew 2% to 54,039 vehicles and Land Rover sales swelled 37%
to 260,394 units.
Global sales of the company's passenger vehicles (including the
distribution off take of Fiat cars in India) increased 32% to
39,393 vehicles in the month and 3% to 337,813 units in fiscal
2012.
Tata Motors is a global automaker and is placed among the top
three automotive companies in India. The major competitors of the
company are
Ford Motor Co.
(
F
) and
General Motors Company
(
GM
). Globally, it is the world's fourth-largest truck manufacturer
and second-largest bus manufacturer.
The company produces passenger cars, trucks, vans and coaches.
It is spread over several countries in Europe, Africa, the Middle
East, South Asia, South East Asia and South America.
Tata Motors recorded a 40.5% increase in profit to INR.34.1
billion ($624.7 million) or 51 paisa (one cent) per share in the
third quarter of fiscal 2012 compared with INR.24.2 billion ($444.6
million) or INR.1.26 (2 cents) per share in the corresponding
quarter of last year.
Revenues in the quarter augmented by 44% to INR.452.6 billion
($8.3 billion) compared with INR.314.4 billion ($5.8 million) in
the same quarter last year. The improvement was attributable to
growth in sales volume along with enhancement in product quality
and product mix. Currently, Tata Motors retains a Zacks #3 Rank on
its stock, which implies a Hold rating for the short term.
FORD MOTOR CO (
F
): Free Stock Analysis Report
GENERAL MOTORS (
GM
): Free Stock Analysis Report
TATA MOTORS-ADR (
TTM
): Free Stock Analysis Report
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