Tata Motors global sales rise in April
14 May 2011
Indian automotive major Tata Motors, with some key acquisitions it made in the past few years - both in the passenger and commercial vehicle department - is a powerhouse in the international automotive circuit today.
However, its April sales, saw a higher profitability in its commercial vehicle operations, as all its subsidiaries Tata, Tata Daewoo as also Tata Hispano Carrocera achieved aggregate sales of 41,179 units in April 2011, a growth of 20 per cent.
On the other hand, the passenger vehicle department contributed in some measure towards bolstering the company's overall profits, with its luxury offerings. Jaguar Land Rover sold 19,431 vehicles in April 2011. The Fiat joint venture sold 26,504 units in the same month, a growth of 5 per cent over April 2010.
However, a major milestone was reached with Tata Nano sales crossing the 10,000 per month mark.
Meanwhile, luxury carmaker Jaguar Land Rover's £1 billion bond sale saw "significant" oversubscription from investors, its Indian parent Tata Motors said yesterday, as it priced the issue.
"We are pleased to have completed this transaction which we believe demonstrates the market's confidence in our company and its plans," said Jaguar Cars and Land Rover chief financial officer Kenneth Gregor.