Tata Motors’ commercial vehicle sales were down 40 per cent in November at 16,229 units compared with 26,985 vehicles in the same period last year. The month was characterised by huge production cuts and plant shutdown.
The company took the worst beating in medium and heavy commercial vehicles where sales crashed 60 per cent to 5792 units while light commercial vehicles (LCV) sales fell 16 per cent to 10,437 units. Tata Motors ADR also witnessed heavy selling pressure & was down nearly 18% after the company reported the sales numbers for the month of Nov’08. crackcrack