Autoblog http://www.autoblog.com Autoblog http://www.blogsmithmedia.com/www.autoblog.com/media/feedlogo.gif Autoblog http://www.autoblog.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Tata Motors sales plunge by nearly half]]>http://www.autoblog.com/2009/01/05/tata-motors-sales-plunge-by-nearly-half/http://www.autoblog.com/2009/01/05/tata-motors-sales-plunge-by-nearly-half/http://www.autoblog.com/2009/01/05/tata-motors-sales-plunge-by-nearly-half/#commentsFiled under: , , , , ,



Even when you (intend to) make the cheapest brand-new car in the world, you can't escape an economic downturn. Global jitters and year-end hemming and hawing have conspired to slice Tata's December sales figures nearly in half compared to a year ago. December is a traditionally slow month for auto sales as buyers try to put off expenditures until the next year (when incentives are more attractive on existing stock), but even accounting for the bargain hunters, this is a major drop.

Everyone, everywhere is down, and Tata Motors stock has taken a beating thanks to the economy and costly external issues like plant troubles. That said, recent interest rate cuts have buoyed company shares in hopes that the Nano (not to mention Saint CarBuyer) will soon arrive, and if nothing else, they still have the Indica's longevity to celebrate.

Gallery: Tato Nano - Live from Geneva


[Source: Reuters]

Tata Motors sales plunge by nearly half originally appeared on Autoblog on Mon, 05 Jan 2009 10:29:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>India CarIndia salesIndiaCarIndian CarIndianCarIndiaSalesIndicaNanotatatata motorstata motors salestata nanotata salestata-motorsTataMotorsTataMotorsSalesTataNanoTataSalesMon, 05 Jan 2009 10:29:00 EST http://www.autoblog.com/feed/1417822/article-comments.xml http://www.autoblog.com/feed/2009/01/05/tata-motors-sales-plunge-by-nearly-half/1417822/article-detail.xml 1417822 http://www.blogcdn.com/www.autoblog.com/media/2009/01/red-nano-seaside-580_thumbnail.jpg http://www.blogcdn.com/www.autoblog.com/media/2009/01/red-nano-seaside-580.jpg -1 2