TATA MOTORS
SALES PERFORMANCE
APRIL & MAY 2012
+ ANNUAL PERFORMANCE FY 2012
April 2012 Sales
Total sales (including
exports) of commercial and passenger vehicles in April 2012 were 60,086
vehicles, lower by 7% over April 2011. Domestic sales of commercial and passenger vehicles for April
2012 were 57,305 nos., lower by 5% over 60,125 nos., sold in April last year.
Commercial
Vehicles
Sales of commercial
vehicles in April 2012 in domestic market were 34,647 nos., lower by 6%,
compared to 36,738 vehicles, sold in April last year. LCV sales were 24,818
nos., a growth of 9%, compared to 22,802 vehicles sold in April, last year.
M&HCV sales stood at 9,829 nos., lower by 29%, compared to 13,936 vehicles
sold in April, last year.
Passenger
Vehicles
The passenger vehicles
business reported a total sale and distribution offtake of 23,658 nos. (22,658
Tata + 1,000 Fiat) in domestic market in April 2012, lower by 7%, compared to
25,436 nos. (23,387 Tata + 2,049 Fiat) in April last year. Sales of Tata
passenger vehicles for April 2012 are at 22,658 nos., lower by 3%, compared to
23,387 nos., sold in April last year. Sales of the Tata Nano were 8,028 nos.,
lower by 20%, compared to 10,012 nos., sold in April, last year. The Indica
range sales were 6,913 nos., higher by 63%, over 4,250 nos., sold in April, last
year. The Indigo range recorded sales of 3,669 nos., lower by 31%, over 5,282
nos., sold in April, last year. The Sumo/ Safari/ Aria/ Venture range accounted
for sales of 4,048 nos., a growth of 5%, over 3,843 nos., sold in April, last
year.
Jaguar Land Rover sales in
India continued their upward trend.
Exports
The company's sales from exports at 2,781 vehicles in April 2012 are lower by 35% compared to 4,258 vehicles in April last year.
Group
global wholesales in April 2012
Tata Motors Group global
wholesales, including Jaguar Land Rover, were flat at 87,377 nos., in April
2012.
Global sales of all
commercial vehicles - Tata, Tata Daewoo and the Tata Hispano Carrocera range -
were 38,008 nos., in April 2012, lower by 8%.
Global sales of all
passenger vehicles were at 49,369 nos. in April 2012, higher by 7%.
Global sales of Tata
passenger vehicles and the distribution offtake in India of Fiat cars were at
24,226 nos., lower by 9%, over April 2011.
Global sales of Jaguar
Land Rover in April 2012 were at 25,143 vehicles, higher by 29% over April
2011. Jaguar sales for the month were 3,603 nos., higher by 17%, while Land
Rover sales were 21,540 nos., higher by 32%.
May 2012 sales
Tata Motors' total sales
(including exports) of Tata commercial and passenger vehicles in May 2012 were
64,347 vehicles, higher by 4%, over May 2011. The company's domestic sales of
Tata commercial and passenger vehicles for May 2012 were 60,128 nos., higher by
6%, over 56,571 nos., sold in May last year.
Cumulative sales
(including exports) for the company for the fiscal are 124,433 nos., lower by
2%, over 126,353 nos., sold last year.
Commercial
Vehicles
The company's sales of commercial vehicles in May 2012 in the domestic market were 39,625 nos., a 7% growth, compared to 37,170 vehicles, sold in May last year. LCV sales were 27,174 nos., a growth of 26%, compared to 21,638 vehicles sold in May, last year. M&HCV sales stood at 12,451 nos., lower by 20%, compared to 15,532 vehicles sold in May, last year.
Cumulative sales of
commercial vehicles in the domestic market for the fiscal are 74,272 nos., a
growth of 1% over last year. Cumulative LCV sales are 51,992 nos., a growth of
17% over last year, while M&HCV sales stood at 22,280 nos., lower by 24%,
over last year.
Passenger
Vehicles
Sales of passenger vehicles for May 2012 are at 20,503 nos., a growth of 6% over 19,401 nos., sold in May last year. Sales of the Tata Nano were 8,507 nos., higher by 31%, compared to 6,515 nos., sold in May, last year. The Indica range sales were 5,467 nos., lower by 1%, over 5,497 nos., sold in May, last year. The Indigo range recorded sales of 3,397 nos., lower by 20%, over 4,268 nos., sold in May, last year. The Sumo/ Safari/ Aria/ Venture range are flat at 3,132 nos., in this month.
Cumulative sales of
passenger vehicles were 43,161 nos., higher by 1%, compared to 42,788 nos.,
till May last year. Cumulative sales of the Nano are flat at 16,535 nos.
Cumulative sales of the Indica range are 12,380 nos., higher by 27%. Cumulative
sales of the Indigo family are 7,066 nos., lower by 26%. Cumulative sales of
the Sumo/Safari/ Aria/ Venture range are 7,180 nos., higher by 3%.
Jaguar Land Rover sales in
India continued their upward trend.
Exports
Sales from exports at 4,219 vehicles in May 2012 are lower by 24% compared to 5,534 vehicles in May last year. Cumulative sales from exports for the fiscal at 7,000 nos., are lower by 29% over 9,792 nos., in FY 11.
Group
global wholesales vehicles in May 2012
The Tata Motors Group
global wholesales, including Jaguar Land Rover, were 96,089 nos., in May 2012,
higher by 12% over May 2011. Cumulative sales for the fiscal are 182,466 higher
by 7% compared to the corresponding period in 2011-12.
Global sales of all
commercial vehicles - Tata, Tata Daewoo and the Tata Hispano Carrocera range --
were 45,025 nos., in May 2012, a growth of 3%. Cumulative sales for the fiscal
are 83,033 nos., lower by 2%.
Global sales of all
passenger vehicles were at 51,064 nos. in May 2012, higher by 21%. Cumulative
sales for the fiscal are 99,433 nos., higher by 16%.
Global sales of Tata
passenger vehicles were at 20,970 nos., for the month, higher by 6% over May
2011. Cumulative sales for the fiscal are flat at 44,196 nos.
Global sales of Jaguar
Land Rover in May 2012 were at 30,094 vehicles, higher by 35% over May 2011,
driven by the Range Rover Evoque and the 12MY Jaguar product. Jaguar sales for
the month were 4,342 nos., higher by 3%, while Land Rover sales were 25,752
nos., higher by 42%. Cumulative sales of Jaguar Land Rover for the fiscal are
55,237 nos., higher by 32%. Cumulative sales of Jaguar are 7,945 nos., higher
by 9%, while cumulative sales of Land Rover are 47,292 nos., higher by 37%.
FY 2012 FINANCIAL
PERFORMANCE- SUMMARY
Consolidated revenue
(net of excise) for FY 2011-12, was Rs. 165,655 Cr posting a growth of 35.6%
over Rs. 122,128 Cr for FY 11.
Consolidated Profit
before Exceptional item and Tax was Rs 14,366 Cr, posting a growth of 40.8%
over Rs 10,206 Cr in FY 11.
Consolidated Profit
before Tax (PBT) for the year was Rs. 13,534 Cr, compared to Rs. 10,437 Cr for FY
11.
Consolidated Profit
for the period (after tax and post minority interest and profit in respect of
associate companies) was Rs.13,517 Cr, as compared to Rs. 9,274 Cr in FY 11.(46%
growth)
Tata Motors
Stand-alone Financial Results
for the Year ended
March 31, 2012
The standalone
revenues (net of excise) for FY 2011-12, at Rs. 54,307 Cr posted a growth of
15.3% over Rs. 47,088 Cr in FY 11.
The Standalone Profit
before Tax (PBT) for FY 2011-12 was Rs. 1,341 Cr, compared to Rs. 2,197 Cr for
FY 10-11.
The Standalone Profit
After Tax for FY 2011-12 was Rs. 1,242 Cr, as compared to Rs.1,812 Cr in FY
10-11.
The Standalone Profit
Before Tax and Profit After Tax for FY 2011-12 were impacted by Exceptional
items of Rs 585 Cr (Rs. 147 Cr in FY 2010-11) on account of exchange loss (net)
including on revaluation of foreign currency borrowings, deposits and loans
arising from the depreciation of Indian Rupee (INR) and provision made for
certain investments in 100% subsidiary Tata Hispano Motors Carrocera SA, Spain
arising from continuous underperformance impacted by challenging market
conditions.
Tata Motors' sales
(including exports) of commercial and passenger vehicles for FY 2011-12, stood
at 926,353 units, representing a growth of 10.7 % as compared to the
corresponding period last year.
The commercial
vehicles sales during FY 2011-12 increased by 15.7 % to 530,204 units, as
compared to the corresponding period last year. The Company's market share in
commercial vehicles was 59.4% for FY 2011-12.
Passenger vehicles,
including Fiat and Jaguar and Land Rover vehicles distributed in India :-Sales
for FY 2011-12 grew by 4.0% to 333,044 units, as compared to the corresponding
period last year. Focused marketing initiatives and network actions have
positively influenced sales. The market share in passenger vehicles stood at
13.1% for FY 2011-12 largely driven by sales in the recent quarters.
Jaguar
Land Rover PLC - (figures as per IFRS)
The recently launched
new products continue to receive positive response. The newly launched Range
Rover Evoque, clocked approximately 60,217 wholesale units till March 2012.
Sales from China region grew strongly and comprised 19.0% of total volumes for
the Quarter ended March 31, 2012 as against 12.8% for the corresponding period
last year.
Jaguar Land Rover
sales for FY 2011-12, stood at 314,433 units, the highest ever, representing a
growth of 29.1% as compared to the corresponding period last year supported by
new product actions and strong demand in China and other developing markets.
The Jaguar volumes for the period stood at 54,039 units and Land Rover volumes
stood at 260,394 units.
The revenues for FY
2011-12, at GBP 13,512 million represented a growth of 36.9% over GBP 9,871
million in the corresponding period last year. Operating margins for the FY
2011-12, stood at 15.0% and an Operating Profit (EBITDA) of GBP 2,027 million,
a growth of 35.0% over GBP 1,502 million in the corresponding period last year.
The Profit before Tax (PBT) for FY 2011-12 is GBP 1,507 million as compared to
GBP 1,115 million for FY 10-11. The Profit After Tax for FY 2011-12 is GBP
1,481 million as compared to GBP 1,036 million in FY 10-11.
In March 2012, JLR
announced that it has signed a joint venture agreement with Chery Automobile
Company Ltd to build vehicles for the Chinese market which is currently under
the process for regulatory approvals by the Chinese authorities.
In March 2012, JLR
approved the consolidation businesses of Jaguar Cars Limited and Land Rover
into one legal entity to be named Jaguar Land Rover Limited. The consolidation
is expected to become effective later this year.
Tata
Daewoo
Tata Daewoo
Commercial Vehicles Co. Ltd. registered net revenues of KRW. 767 billion, and
recorded a Net profit of KRW 3.6 billion in FY 2011-12.
Tata
Motors Finance
Tata Motors Finance
Ltd, the Company's captive financing subsidiary, registered net revenues of Rs.
2,018 Cr and reported a Profit After Tax of Rs. 240 Cr in FY 2011-12.
Dividend
Recommended dividend of Rs 4/- per Ordinary Share of Rs 2/- each
and Rs 4.10 per 'A' Ordinary Shares of Rs 2/- each.
VIEWS :- TATA MOTORS is powering itself Globally with strong product base. The May sales are strong and likely to continue further in coming months.
If China loves Evoque, there is no reason why other countries will fail to love it. Its strong technology strengths will eventually propel it to the front in India too. It is a GOOD BUY for medium to long term Investors.
* * *
E N D * * *
No comments:
Post a Comment