Tata Motors Ltd said on Saturday its December sales more than doubled to 51,627 units owing to a recovery in the industry. Its sales during the month recorded a growth of 105% compared with sales of 25,219 vehicles in December 2008.
The country?s largest automaker said December sales of its commercial vehicles in the domestic market were 33,519 vehicles, compared with 14,056 vehicles in the year-ago month, up 138%. Sales of passenger cars rose to 14,654 units from 9,838 in December 2008, recording a 49% jump.
?The growth in December 2009 has come over low sales in December 2008, impacted by the downturn in the automobile industry during that period,? the company said in a statement.
The Indian automobile industry has been on a growth path in the last couple of months with manufacturers reporting best-ever sales. On Friday too, auto majors like Maruti, Hyundai and Hero Honda reported record sales for the year 2009. While December sales of Maruti grew 36.5%, Hyundai posted a growth of 42.3%. Players like GM India and M&M have seen their sales doubling in December 2009. This has been chiefly because of last year?s low base effect and a slow but steady upturn in the consumer sentiments.
Tata Motors shares on Friday were marginally up by 0.61% to close at Rs 792.60 on the Bombay Stock Exchange.
According to the company, Jaguar Land Rover sales continued their upward trend since June launch with highest sales in December. The company?s exports jumped 161% at 3,454 vehicles in December last year compared to 1,325 vehicles in December 2008. It sold 3,610 units of Nano in December.
