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n TAMO's December sales remained strong across all categories. Company's overall sales for the month stood at 67,441 units as against 51,627 units reported
during December 2009 translating into a YoY growth of 30.6%.
n December 2010 remained a strong month for the company on 2 counts - 1) recovery in Nano sales and 2) excellent performance in the CV segment.
n Domestic passenger car sales recovered to 16,941 units after falling significantly
in November 2010 to 12,234 units.
n Nano sales for the month stood at 5,784 units registering a 60% YoY growth and
improving significantly over November 2010 sales of 509 units. Indica sales grew
by 5,923 units and Indigo range of sales grew by 3% YoY to 5,234 units. UV
sales improved by 62% to 2,765 units.
n Company reported their highest ever sales of the ACE family translating into
their best ever performance in the LCV segment. TAMO's LCV sales for the
month stood at 24,558 units as against sales of 18,217 units and 20,376 units
posted during December 2009 and November 2010 respectively.
company registering 13.5% YoY growth. Volumes for the month under review
stood at 17,368 units which was the best ever for the company during the current financial year.
n Despite new norms coming into effect, the company's 3QFY11 volume performance remained almost in line with 2QFY11.
n TAMO exported 5,809 units during the month.
n Company has announced increase in prices for all its CV's and few of its PV
models.
n Moving ahead we expect the company's CV volumes to remain strong in absolute numbers given the strong underlying domestic economy. However we
should note that due to higher base coming into effect, growth rates will moderate.
n In the car segment, given enhanced competition, we do not expect any significant improvement in the near future.
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